Another insurer has now joined Norwich Union in highlighting the risks both young drivers and indeed their parents run when trying to cut car insurance costs by adding their fledglings to the parents’ policy.
Zurich spokesperson Keith Lewis told the Independent recently that students and their parents often don’t even realise they are committing the offence known as “fronting”.
It is without doubt, much cheaper for a parent to insure their sons/daughters on their policies as an occasional user, but if the young driver is to actually be the main user of the vehicle, this is technically fraud.
Mr Lewis said that while people often presume it is legal, it is not!
He warned that both the young person and their parents could be charged with insurance fraud and claims could be refused leaving the family to foot the costs themselves.
The hassle won’t stop there either. Just wait until you try to renew your insurance policy and/or your young fledgling tries to start up their own policy.
Insurers maintain and share a database with details on literally every insurance policy written and an even more comprehensive claims database. Details of the fraud/attempted fraud will be there for all to see so please do not take the risk.
You may save a little money in the short term, but you will not be doing your child any good in the long term and it’s unlikely they will thank you!.
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