Adding named drivers to a policy

Poppy · 25 Mar 2009 at 21:29

Well im looking at potentially adding a couple of female freinds who have 7+ years of NCB each to my policy as named drivers in the hope of it reducing my premium. However another guy seems to think, that adding them as named drivers to my policy will invalidate the insurance on there own cars and as such as put the frightners on my female friends.

Now im 99% this is BS, i can add these 2 friends as named drivers to my policy (who both own there own cars and have there own insurance policys) and there will be no issue with there insurance on there own cars, correct yes?

Ta

Scythe · 25 Mar 2009 at 21:29

Correct.

RickST · 25 Mar 2009 at 21:37

Indeed

andy2k · 27 Mar 2009 at 02:00

This is BS. In my case it actually increased my premiums though, so it might be worth checking first!

Sirrel Squirrel · 27 Mar 2009 at 03:53

If you're adding them to an existing policy it'll probably increase the premium, on a new or renewed policy it may reduce the cost.

It's "their" by the way.

benjo · 27 Mar 2009 at 03:58

When I come to renew my insurance, I found that adding both my parents as named drivers and me as the main driver reduced my premium from £600 to £346. Considering I'm 19 with no no claims and the car is a 1.6 Golf, I'm quite happy

Poppy · 27 Mar 2009 at 07:53

Yep, ive just done a quick online quote with elephant (my current insurers) and the price went from £840 to £700 by adding 2 female friends with 0 points each. WHOOOP!!

latercomer2 · 27 Mar 2009 at 12:45

If you haven't already try adding on one of your parents as this having someone older on can make a big difference.

Dup · 27 Mar 2009 at 12:50

Most companies ask if they have access to another vehicle other than yours, so it's perfectly fine.

Amanda and I will be cross-insuring our cars by June (my poor alloys :'()

Maccy · 27 Mar 2009 at 13:02

Adding both my parents reduced my insurance by ~£100 so it's worth a try!

shauncr91 · 27 Mar 2009 at 14:44

Slightly OT but it's to do with named drivers on insurance so here goes...
As some of you know from my last thread in Motors, I'm looking to purchase my first car. If my father takes out a policy on my car, then adds me as a named driver, this works out extremely cheap (Almost £1000 off the premium). However my father says it sounds a bit dodgy, but all of my friends are doing just this. Is there anything I'm missing here?

Confused · 27 Mar 2009 at 14:48

shauncr91 said:
Slightly OT but it's to do with named drivers on insurance so here goes...
As some of you know from my last thread in Motors, I'm looking to purchase my first car. If my father takes out a policy on my car, then adds me as a named driver, this works out extremely cheap (Almost £1000 off the premium). However my father says it sounds a bit dodgy, but all of my friends are doing just this. Is there anything I'm missing here?

This is called fronting - it is technically insurance fraud.

Additionally, YOU do not earn any No Claims Bonus.

The short-term savings is FAR outweighed by the long term savings of building up your own NCB.

I did exactly what you're proposing, and I still regret it to this day. Especially as my other friends at 18/19 were insuring much better cars than me for substantially less, by doing it the proper way in the first place.

shauncr91 · 27 Mar 2009 at 14:56

Confused said:
This is called fronting - it is technically insurance fraud.

Additionally, YOU do not earn any No Claims Bonus.

The short-term savings is FAR outweighed by the long term savings of building up your own NCB.

I did exactly what you're proposing, and I still regret it to this day. Especially as my other friends at 18/19 were insuring much better cars than me for substantially less, by doing it the proper way in the first place.

Ok then thanks.

But on the matter of no claims, apparently with Direct Line you still get no claims as a named driver, from what I've been reading.

Confused · 27 Mar 2009 at 14:57

shauncr91 said:
Ok then thanks.

But on the matter of no claims, apparently with Direct Line you still get no claims as a named driver, from what I've been reading.

You get "Named Driver Bonus" - which is only useful if you then take out a policy with Direct Line in your own name.

I can almost guarantee you that Direct Line will NOT be competitive for you as a main driver!

shauncr91 · 27 Mar 2009 at 14:59

Confused said:
You get "Named Driver Bonus" - which is only useful if you then take out a policy with Direct Line in your own name.

I can almost guarantee you that Direct Line will NOT be competitive for you as a main driver!

Ok then thanks, what insurance compays would you recommend for a new driver?
The cheapest quote I've been able to get, even on the worst little rot-boxes is still around £2000, it's mental. (And the government wonders why so many young drivers don't have insurance :rolleyes:

)

Confused · 27 Mar 2009 at 15:07

I would suggest trying Admiral/Bell/Elephant (they're all part of the same group).

With these companies - add one of your parents as a named driver. This often reduces the quote.

This is a different thing to the above - you're the main policy holder, as you'll be owning/driving the car, your parent will be an additional driver, which is perfectly OK to do!

shauncr91 · 27 Mar 2009 at 15:07

Fantastic, thanks matey

I'll give it a shot when I get home

Confused · 27 Mar 2009 at 15:09

Although they're all part of the same group, each one gives priorities to different criteria, what might be good for one person may not be for another.

Only way really is to try as many quotes as possible!

moss · 27 Mar 2009 at 15:46

I added my mother and another family member as named drivers on my insurance, took it down to £344.45 for the ST24. Without them on, it was about £100 more.