Spread the risk, spread the cost
Your car insurance is calculated on your risk as a driver – and your premium’s based on things like how old you are, where you live, how many miles you drive, where you park your car at night and whether you’ve made any claims in the past. By adding a named driver to the policy, you’re spreading the risk across more people and limiting the amount of time any one person spends behind the wheel – so much the better if that named driver is experienced and has never made any claims.
Don’t fall into the fronting trap
Adding a named driver to your policy may be one way of lowering your car insurance but be careful about who’s actually in the driving seat. A named driver is one that occasionally drives your car, the main driver (as the name would suggest) is the one who uses the car for the most amount of time. If you say someone else is the main driver but they’re not, in order to lower your insurance premium – it’s called fronting and it’s against the law. You can sometimes unwittingly fall into this trap as many parents do when they take out insurance policies for their children. So be clear about who’s using the car that you’re insuring.
If I’m not married, what else can I do to get discount car insurance?
If you’re still loving life as a singleton there are still some things you can do to lower your car insurance:
- Choose the car you drive carefully – cars are categorised into insurance groups, numbered 1-50 and generally the lower the number, the lower the car insurance. So when you come to buying a new car, it’s always worth just checking out where it sits in the insurance group hierarchy.
- Security –install an approved security system or immobiliser, even better is if you can tuck your car away in a secure garage at night.
- Be accurate – try to be as accurate as possible when calculating your mileage, rounding up could push you into the next price bracket.
- Pay upfront – if you can, pay your insurance up front for the year, monthly instalments could be increased with interest and admin fees.
- Telematics – if you’re under 25, this is becoming an increasingly popular way to potentially lower car insurance premiums. It involves installing a ‘black box’ device in your car or downloading an app to your phone which records how and when you drive, if you’re shown to be a good driver then it could see your premiums lowering faster than through the traditional route of building up a decent no claims discount which can take a couple of years, plus you will still be earning no claims discount if you don’t make any claims.
At compare the market we love car insurance – it’s a marriage made in heaven and as the UK’s biggest comparison site with over 100 trusted car insurance providers, we’re pretty sure we can get you a good deal. Half of our customers found they could save £249** when they compared the market with us so go on, take the plunge and seal the deal, start comparing to find your best match.
** Based on Online independent research by Consumer Intelligence during February 2016. 50% of consumers could achieve this saving with comparethemarket.com Motor Insurance.