Named driver that lives far away

elsien

According to the insurance bit of the website:

Insurance premiums are calculated based on the risk of you, the driver, being involved in any kind of claim-worthy incident. If you are reducing the amount of time you spend behind the wheel, as you would be by adding a named driver who sometimes uses the car on to your policy, you are therefore reducing the amount of time during which an accident could occur.

As a general rule then, adding a named driver will reduce the cost of your premiums. It works the same the other way around: being a named driver on someone else’s policy will be cheaper than taking out a policy of your own, especially if you are aged 17-25.

chrisw

elsien wrote: »

It works the same the other way around: being a named driver on someone else’s policy will be cheaper than taking out a policy of your own, especially if you are aged 17-25.

But ONLY do this if you AREN'T the main user of the vehicle in question.

Otherwise it's fronting which is illegal.

jimbo6977

Are you sure the named driver isn't just really small?

LandyAndy

VFR wrote: »

Excuse my ignorance but why would adding another driver to a policy make it cheaper ?

Because the statistics that insurance companies use to set premiums indicate that cars with certain types of named driver have a better claims records.

foxy-stoat

chrisw wrote: »

But ONLY do this if you AREN'T the main user of the vehicle in question.

Otherwise it's fronting which is illegal.

I think they want to add a parent to lower the insurance costs, not being added as a young named driver to a parents policy.