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Method about 2nd insurer or so.

  • 25-01-2012 5:29pm
    #1
    arleitiss
    Registered Users, Registered Users 2 Posts: 3,515 ✭✭✭


    Hey, can someone fully explain to me this trick that many young drivers do to get cheaper insurance?
    It's like getting relative or friend who has full insurance to do something so you get like half of your insurance or something like that. I really need help with that. Explain what it is?


Comments

  • #2
    **Timbuk2**
    Moderators, Education Moderators, Motoring & Transport Moderators Posts: 7,396 Mod ✭✭✭✭**Timbuk2**


    There's no 'trick'.

    What I think you are referring to is being insured as a named driver as opposed to getting your own insurance policy. However, you can only take out an insurance policy and add somebody as a named driver if you are the main driver of that car and are the registered owner. For example, your mother couldn't take out an insurance policy on *your* car and add you as a named driver. Yes, it would be cheaper, but it can void your insurance if the insurers find out, which they could easily do in the event of a claim. You also do not build up any no claims bonus this way, so it's not ideal.

    Another 'trick' I've heard of is for a young driver to add a less risky party as a named driver to their insurance e.g. you take out a policy on your car, and add your mother as a named driver. This can sometimes reduce the premium slightly (or more commonly, make absolutely no difference to the premium). Even if you do get a reduction like this, it'll only be slight, certainly won't be anything near to 'half' the premiium.


    But the best 'trick' for reducing insurance is just to shop around - ring as many places as you have time to, getting as many quotes as possible!


  • #3
    arleitiss
    Registered Users, Registered Users 2 Posts: 3,515 ✭✭✭arleitiss


    **Timbuk2** wrote: »
    There's no 'trick'.

    What I think you are referring to is being insured as a named driver as opposed to getting your own insurance policy. However, you can only take out an insurance policy and add somebody as a named driver if you are the main driver of that car and are the registered owner. For example, your mother couldn't take out an insurance policy on *your* car and add you as a named driver. Yes, it would be cheaper, but it can void your insurance if the insurers find out, which they could easily do in the event of a claim. You also do not build up any no claims bonus this way, so it's not ideal.

    Another 'trick' I've heard of is for a young driver to add a less risky party as a named driver to their insurance e.g. you take out a policy on your car, and add your mother as a named driver. This can sometimes reduce the premium slightly (or more commonly, make absolutely no difference to the premium). Even if you do get a reduction like this, it'll only be slight, certainly won't be anything near to 'half' the premiium.


    But the best 'trick' for reducing insurance is just to shop around - ring as many places as you have time to, getting as many quotes as possible!


    Well I am only 18, and I can't afford to pay like 3000 for insurance.


  • #4
    Alanstrainor
    Registered Users, Registered Users 2 Posts: 23,157 ✭✭✭✭Alanstrainor


    arleitiss wrote: »
    Well I am only 18, and I can't afford to pay like 3000 for insurance.

    As said, there is no trick. Do your parents have a car that you could learn on? They would have to name you on their policy, it would cost a lot less to get insured this way, but you would not be receiving a NCB.


  • #5
    arleitiss
    Registered Users, Registered Users 2 Posts: 3,515 ✭✭✭arleitiss


    Alanstrainor wrote: »
    As said, there is no trick. Do your parents have a car that you could learn on? They would have to name you on their policy, it would cost a lot less to get insured this way, but you would not be receiving a NCB.

    no my parents don't. Only some of relatives do.


  • #6
    **Timbuk2**
    Moderators, Education Moderators, Motoring & Transport Moderators Posts: 7,396 Mod ✭✭✭✭**Timbuk2**


    In that case, ask a kind relative can you learn on their car. They can add you as a named driver (again, it sometimes may be cheaper for them to switch to another insurance company to do this, even mid-policy - shopping around is a must!) and you'll be able to learn in that car.

    You can then drive once you are accompanied by a fully licenced driver who has held their licence for 2 years or more, and this fully licenced driver does not have to be the owner of the car (although, it is preferable that it is somebody who is insured to drive the car you will be learning in, in case they need to take over for some reason).


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  • #7
    challengemaster
    Registered Users, Registered Users 2 Posts: 16,930 ✭✭✭✭challengemaster


    arleitiss wrote: »
    Well I am only 18, and I can't afford to pay like 3000 for insurance.

    As said, there's no trick when it comes to insurance, it's called fraud.

    If you can't afford to pay for insurance, you can't afford to drive. That's what it boils down to really.


  • #8
    cruizer101
    Registered Users, Registered Users 2 Posts: 3,205 ✭✭✭cruizer101


    Just with regards to no claims experience as a named driver. More and more I'm seeing companies are giving discounts for named driver experience, 123, aviva and some others have it as an option on their online quote. Its not as much as no claims experience on your own policy but it is still there.


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