Adding a young driver to a parent's car insurance policy can help make it cheaper.
There are some limitations to being a named driver though and you could miss out on building your no-claims bonus.
We explain everything you need to know!
The main policyholder has a bigger impact on the cost of car insurance
Age is a really important factor insurance companies look at when working out how much your car insurance will cost.
Experienced drivers, over the age of 25, tend to pay less for car insurance because (statistically) they have fewer accidents and are less likely to make a claim.
Insurance tends to be more expensive for drivers under 25 because they are more likely to get into an accident and have to claim. (Around 25% of all claims are made by drivers under 25).
This means it usually works out cheaper to add a young driver to the policy of a parent (or more experienced driver.)
Insurers also look at lots of other things when working out home much you should pay for a policy, including your:
We think your car policy should be based on how you drive rather than assumptions based on your personal details.
At Cuvva, we're working on a new type of insurance to do just that!