Vanessa Chance, an insurance expert from LV, answers the question:-
Mr Richards, from Leeds asks:-
Can I get my own car and go under my Dad's insurance for cheaper car insurance?
No, you cannot insure your car in someone else’s name if you are the main driver. The practice you are referring to is called ‘fronting’ where someone who has built up a no claims discount ‘fronts’ a policy for the main driver and the main driver is just named on the policy in order to get cheaper premiums, which is illegal. If you have an accident in your car and need to make a claim, your insurer may refuse to pay out if they suspect that your Dad has been ‘fronting’ your insurance policy and you could be charged with insurance fraud.
There are a number of things you can do to keep your car insurance costs as low as possible. One key thing is to buy a car with a small engine size as the bigger the engine, generally the more expensive the insurance. Also keep your mileage down as insurers take into account how many miles you drive and keep your car in a garage or driveway, rather than on the road, this will help to bring down the cost of your insurance. Most car insurance policies have an automatic excess of £100, which is where you have to pay the first £100 of any claim you make. If you ask your insurer to increase the excess you are prepared to pay on any claim, to £200 or £500 for instance, they will usually reduce the cost of your insurance premium. You should also ask your insurer how much your insurance is if you pay for the whole year as this will usually work out cheaper than paying it in monthly instalments.
If you have a question for Emma or Vanessa, go to the myfinances.co.uk Ask the Insurance Expert section.
Or for more information on your insurance options go to LV's insurance site.
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