Young Driver Own Insurance On Parents Car

For young drivers it s a frustrating fact that car insurance is very costly.

Young driver own insurance on parents car. Learner driver insurance is available as an annual policy on a parent s or friend s car allowing the learner to take their time without the hassle of renewing a. If you own a car that you re planning to drive once you ve passed your test then it s a legal requirement to have a minimum of third party car insurance in place. It s an annual policy which runs alongside the parents car insurance that only covers the young driver when they are behind the wheel. Marmalade s unique named young driver insurance gives you the freedom to drive your parents car but with your own comprehensive insurance policy whether you are learning to drive or have passed your driving test.

According to barry that s true for two reasons. Named young driver insurance provides seamless cover from learner to full licence on a parent s car allowing them to build their own ncd with no risk their parents. Adding a young driver to an existing policy spreads out the insurance risk and insurers want to keep the parents business. If you re a learner it often means being added to parents or friends car insurance as an additional driver which can up the cost and put no claims bonuses at risk.

Nonetheless that s still a cheaper option than a young driver seeking his or her own policy. But are you allowed to stay on your parents car insurance if the car is in your name. Many parents like to help out by adding their children as a named driver on their own insurance policy. It usually happens when a more experienced driver one of your parents for example insures a car in their name but a younger driver you actually uses the car most often.

Designed for young drivers aged 17 27 our innovative insurance on the family car is a unique way for a young driver to get insured on a parent s car for up to 5 000 miles per year. Car insurance rates for young adults under the age of 25 can be quite high so for many young adults remaining on their parents car insurance policy can help keep premiums lower until they reach age 25. Car insurance and the law illegal fronting. If you don t own a car it is possible to be added as a named driver to a friend or parents car insurance policy however this can be an expensive option and could.

However it is possible to get specific policies just for the provisional driver which protect this for example via marmalade s learner driver insurance. Fronting could invalidate a car insurance policy and may lead to a conviction for driving without insurance. The car must belong to one of your parents and they must be the main driver for the insurance policy to legally be in their name. If you own the car and you are the main driver you re breaking the law if the policy is not in your own name this is called called fronting.