One in ten families admit to 'fronting' on car insurance
Research carried out by the comparison site Moneysupermarket.com has found that one in ten drivers has ‘fronted’ their policy.
In a bid to cut car insurance costs for their children one in ten families have insured their child’s car in their name before adding the child as a second named driver even though they are the main driver.
Despite almost half (45 per cent) knowing it is illegal, one in four parents would consider fronting as a way of cutting the cost of car insurance. The research indicates that the public are confused about the legal status of fronting with 19 per cent of respondents believing it is legal and 36 per cent not knowing what the legal status of fronting is.
Drivers in the East Midlands are the most likely to consider fronting as a way to save money with 27 per cent considering it. 26 per cent of men as opposed to 22 per cent of women would consider it.
Peter Harrison, car insurance expert at moneysupermarket.com said: "It is deeply worrying how many people are taking the risk by ‘fronting' on their car insurance, especially as this practice is illegal and will be classified as fraud by an insurer.
"Motoring is expensive for younger drivers, with annual premiums for an 18 year averaging around £1271.502, so it's not surprising that some motorists would consider it as a way to save money. This is a false economy, however, as the costs clearly outweigh the risk of being caught and ending up with invalidated insurance.”
Use the Myfinances.co.uk comparison tools to find the best deal on car insurance.
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