Car Insurance Deals

Car insurance is a necessity, and in some countries, it is even illegal to drive without it! Unfortunately car insurance is also very expensive, especially for younger drivers under the age of 25. Many young adults under the age of 25 are trying to save money by insuring themselves on their parents’ policies. This is a dangerous thing to do, for both the parent and the child. We will discuss why this can be dangerous.

First of all, there is no issue with young adults being listed as secondary drivers on their parents’ policy. This is if they are in fact a secondary driver. It is considered fraud if the child is the main driver of the vehicle but is listed in the policy as the secondary driver. It has come into being, with the current economic crisis, that a lot of young drivers are resorting to this fraud, thinking that they will at least be insured, and it costs a lot less for them. Unfortunately, if they have an accident and the car insurance company finds out that they are the main driver of a vehicle they were listed as a secondary driver for, this will be considered as insurance fraud, and the insurance company will be within their full right not to pay out.

The question is, why are young adults latching onto their parents’ car insurance policies instead of getting their own? Well the financial crunch that has come into play recently has to be taken into consideration. People are just completely unable to afford to take out their own car insurance policies. Often, even the cheapest insurance option is not financially affordable for them either. Placing themselves on their parent’s insurance policy can be a much cheaper option, and helpful too if it is illegal to drive without car insurance in their country. In a lot of cases, these young adults are even purchasing their own cars, registering it in their own names, but then putting the vehicle on their parents’ insurance policy and naming themselves as a secondary driver when they are indeed the main driver.

This is a silly situation to put yourself in. Sure, the money saved on premiums every month can add up to a lot, but it will land up costing a lot more money in the long run when the insurance company does not pay out if they discover the fraud committed.

It is a much safer idea for young drivers to research all their affordability options for getting a motor insurance policy. By driving a small, easy maintainable vehicle, you will get a lower premium, as will installing a good alarm system on the car. This helps younger drivers by lowering the risks that are associated with them.