Question?

[Onelife]

Our daughter has just taken out her first car insurance and was suprised to find having mom and dad as named drivers 'on her insurance' has made a considerable difference in lowering her premium.

I can't understand why this would be?

[Stephen]

I really don't know Keith. My guess would be, if she has a prang it affects your own insurance premium and no claims.

[Onelife]

I really don't know Keith. My guess would be, if she has a prang it affects your own insurance premium and no claims.

Oh sh*t......l hope not on both accounts

[Onelife]

Hi Stephen, just found this (money supermarket)

If you have recently passed your driving test, or perhaps have a motoring conviction, it can be quite expensive to get car insurance. Your premium is likely higher because you are considered more at risk of having an accident.

All is not lost if you do happen to fall into one of the above groups, as there is a simple way to keep costs down. It involves adding an older or more experienced motorist to your policy or alternatively, you could also look into becoming a named driver on another motorist’s policy.

However, while both these options may seem very appealing if you’re facing very high car insurance premiums, you need to be aware of a few things before adding a named driver to your policy. Let’s take a look at what can affect your insurance.

How does adding a named driver impact on premiums?

As a motorist, it’s a legal requirement to have car cover in place. When applying for a policy you will need to provide the insurer with not only your own name, but also details of any other individuals you want added alongside the main driver. Once you’ve given the details of the named driver, they will have the same level of cover as you.

Adding a named driver can help to bring down the cost of your car insurance premium because you won’t be the only person driving the car, and therefore the associated cost is lessened. In fact, according to MoneySuperMarket data, 35% of younger drivers aged 17 to 24 have a named driver on their policy, making their premiums up to 13% cheaper. 



Why does adding a named driver make your car insurance cheaper?

Adding a named driver often makes the premiums cheaper because it’s assumed you’ll spend less time driving, since the car is shared. This reduces your probability of having an accident and making a claim, which is reflected in cheaper car insurance quotes

..............

It still doesn't answer the question you posed...l'll give the insurance company a ring.

Thank you



Sent from Samsung tablet

[Whynd1]

Our son is 36 and has a two-year old Fiesta ST mark 3.

His father is on the insurance as a named driver and it has reduced the premium considerably.

Interesting isn't it.

Lindsey

[Onelife]

Hi Lindesy

Although our daughter passed her driving test 3 years ago she hasn't (but for a couple of months) taken out insurance. We had several quotes all ranging around the £1100 mark, when we introduced ourselves as named drivers the premium fell by £350 so l can see why 35% of young drivers opt for this kind of cover. That being said, car insurance companies are on a good thing when you consider the excess liability on the driver....In my daughters case it is £600.

Whilst accepting younger driver are more of a risk to insure l think some kind of legislation should be in place to stop insurance companies adding extortionate excess liability to young drivers......especially when it puts a big hole in my betting money

Regards

Keith

[Ranchi]

Might I also suggest that your daughter considers variations of the name for her occupation. Obviously you must not lie but different names for occupations can alter premiums significantly. Most professional bodies or unions will provide a range of accurate job titles for the same occupation.

[Whynd1]

Yes our son has for years had a high excess. I think it was originally approx z£500 and for this car approx £250.



Lindsey

[Onelife]

Hi Ranchi

Thank you, l certainly didn't know that was the case.... l will pass this information onto my daughter. She will be starting her MSc in entomology come September... not sure how an entomologists job equates in insurance terms but every bit helps.

Regards

keith

[Stephen]

Hi Ranchi

Thank you, l certainly didn't know that was the case.... l will pass this information onto my daughter. She will be starting her MSc in entomology come September... not sure how an entomologists job equates in insurance terms but every bit helps.

Regards

keith

The insurance company have stung her so she might as well take up a similar occupation

[Ranchi]

Hi Onelife,
I’m not sure if the job title idea will work with students. It certainly did with my son ( the online quotes are really good as they allow you to alter the job title and see the effect on the premium).
Hope your daughter gets it sorted OK.
Incidentally, our daughter got a good quote through Endsleigh well after she had been a student. She stayed with them for a couple of years. I always thought they only dealt with students.
Steve

[Manoverboard]

If she has passed her test she will be a very high risk initially driving about on her own but if Dad goes out with her he will help to avert her fears and most potential risks. I somehow doubt the reduction would apply / claim would be met if she was out driving on her own while Dad was having a fag watching Telly … just saying .

ps … I also believe that any claim will impact on Mom n Dad's policy.

[Onelife]

If she has passed her test she will be a very high risk initially driving about on her own but if Dad goes out with her he will help to avert her fears and most potential risks. I somehow doubt the reduction would apply / claim would be met if she was out driving on her own while Dad was having a fag watching Telly … just saying .

ps … I also believe that any claim will impact on Mom n Dad's policy.

Hi Mob,

Just for clarification l'm a non smoker and l can afford a TV

Just been in touch with my daughters rip off merchants (insurance company) and they have assured me that should our daughter make a claim it wouldn't affect the named drivers insurance policy e.g premiums or no claim history.

[Stephen]

Yeah, that's what they tell you mate. One prang and you might as well sell your house

[Onelife]

Yeah, that's what they tell you mate. One prang and you might as well sell your house

Stephen.... but the girl l spoke to sounded like she knew what she was talking about......she also said l had a very sexy telephone voice

[Stephen]

Probably recognised it from your escort agency.

[Ranchi]

I can confirm that daughter’s driving mishaps do not adversely affect Mum or Dad’s premium if either is named as additional driver on daughter’s policy.

[Onelife]

Probably recognised it from your escort agency.

Sour grapes Stephen?......Btw....Please stop putting in job applications...your far to old for this kind of work

[Stephen]

For once we agree. A job to raise a smile these days let alone anything else.

[Ray Scully]

When recently renewing our policy we asked how much it would cost to put our 40 yr old son on it, mainly for our airport runs. The result a lowering of the premium by around £40.00

[Onelife]

You would think that out of our 1,992 members at least one would have expert (not generally known) knowledge of the insurance industry, in particular tips on how to save money when renewing car insurance.

A box of keefy chocolates to the first person to take up this challenge.

[Stephen]

Tumbleweed_rolling_2.jpg

[david63]

A box of keefy chocolates to the first person to take up this challenge.

That's a sure fire way to not get any response

[Onelife]

A box of keefy chocolates to the first person to take up this challenge.

That's a sure fire way to not get any response

Hi David,

I was thinking more along the lines of new members who hopefully haven't as yet experienced keefys generous giving nature

[Manoverboard]

No … nor his way with the Gee Gees