Is adding a named driver expensive?
It can be, but it depends on who the named driver is. Insurance is all about calculating risk, and the riskier something appears to be, the more expensive the policy. For example, expensive high-performance cars will generally cost more to insure because they’re desirable and, therefore, at greater risk of being stolen.
The same rule applies to named drivers. So, if your son or daughter has just passed their driving test and you add them to your policy as a named driver – your premium may well increase. That’s because not only have you added a second driver (potentially increasing the risk of an incident occurring), but the added driver is also young and inexperienced.
However, it works both ways. If you’re a young and inexperienced driver and add on an older driver with a good driving history, such as mum or dad, then you could lower the cost of your insurance.