Can I save money with additional drivers?

If you're looking to save money on car insurance, you've probably wondered how you might go about it. Is there such a thing as a joint policy? Will adding new named drivers on your existing policy lead to a decrease in your premium? We investigate below.

If you're looking to save money on car insurance, you've probably wondered how you might go about it. Is there such a thing as a joint policy? Will adding new named drivers on your existing policy lead to a decrease in your premium? We investigate below.

Daniel Hutson
From the Motor team
4
minute read
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Posted 12 NOVEMBER 2021

Can I get a joint car insurance policy? 

You might have heard the term 'joint policy' bandied about before, but unfortunately, it's a myth – there is no such thing as a special 'joint car insurance policy'. The closest that you'll get to this sort of thing is if you consider any driver car insurance, which allows anyone to drive your car with permission. However, the premiums on these types of policies may be quite expensive. Another option is to add multiple named drivers to a single car insurance policy. Just remember that all named drivers actually need to drive the car in order for the policy to be valid.

How can I get cheaper car insurance by adding named drivers to my policy?

Whether your car insurance will be cheaper depends on who else will be driving your car. Sharing it with your 20-year-old, party-loving, university-going offspring will almost certainly lead to an increase in your premiums. But if you need to, add your 40-something partner, who perhaps holds a clean, no-claims driving record, it could bring the cost of your policy down. 

If you are a driver who's considered 'high risk' (such as if you are a young, older or inexperienced driver) and you can share your car with an experienced driver who has a good driving history, you could reduce the cost of your premium when you add them to your policy.

Does the type of car you drive affect your insurance premium when it comes to adding multiple named drivers?

Most definitely, yes. For example, if your dad owns a Ferrari, it may be cheaper to share your car and have him as a named driver on your modest hatchback, than for you to use and get insured on his beast of a machine.

What is ‘fronting’ and why should I avoid it?

Fronting is a type of insurance fraud. It refers to getting someone more experienced than you to be named as the main driver on your vehicle, even though you are the one who's doing most of the driving. If you're found guilty of fronting, your policy could become invalid and you could also find yourself in big trouble with the law.

What is family car insurance? 

Family car insurance is a bit like joint car insurance – it doesn’t technically exist. However, some insurance providers offer family plans that are basically the same as multi-car insurance. You can cover more than one car then list named drivers. As long as they’re immediate family, they might not need to be registered at the same address – for example, if your kids are at university.  

Otherwise, you can add family members as named drivers to your existing single car insurance policy.

Could I save on individual car insurance? 

While you can’t get such a thing as a joint car insurance policy, the good news is that the average annual car insurance premium fell to £626 in the second quarter of 2021 – the cheapest quarterly average since 2015. Our figures also show drivers can save an average of £92 by switching to a better deal – so it’s worth shopping around.** 

Compare individual car insurance with us today, to see if you can save on your next premium. 

** Compare the Market Premium Drivers Report **

Frequently asked questions

Can you insure more than one car on the same policy?

Yes you can, it’s called multi-car insurance. This is when you insure two or more cars on a single policy. Some insurance providers offer a discount if you insure more than one car with them – although in most cases the cars need to be registered at the same address.

Can I drive any car on a multi-car policy?

You can only drive the cars on the policy that has you listed as a named driver.

Can two people insure the same car?

Yes. You can take out separate insurance policies on the same car at the same time. For example: 

  • You can take out temporary car insurance if you just want to drive someone else’s car for a short period of time – for example, if you’re staying with friends and they lend you their car.
  • You could take out non-owner car insurance – a separate policy that covers you to drive someone else’s car. You’ll need let your insurance provider know that you’re not the owner or registered keeper when you apply. 

But unless you only need insurance for a short amount of time, it might be cheaper to list yourself as a named driver on the car owner’s existing policy.

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