How can young drivers reduce the cost of motor insurance?
This is a common question which our Consumer Advice Centre staff are often asked. Many young drivers find their motor insurance quotes are very expensive and, as a result, parents sometimes consider insuring their car in their name and adding their child as a second driver. Although this is cheaper, it is not a good idea. It is illegal and is considered a form of insurance fraud because, if you insure yourself as the main driver, you are misleading the insurer about the risk. Insurance premiums are more expensive for young drivers because they are more likely to have an accident. If you do this and your insurance company finds out, it could withdraw your insurance or increase your premiums. Your child could also face the following consequences: • criminal charges of driving without insurance • penalty points • loss of licence if they have recently passed their test. If your child has a car accident or the car is stolen, your claim could also be turned down. And, if someone else is inju
