Julie Daniels, Motor Insurance Expert at comparethemarket.com, comments on the amount young drivers could save if an additional driver is named on their policy.

Young people, aged between 17 and 24, could save an average of £368 on their car insurance by adding an experienced named driver to their policy. The new research from comparethemarket.com reveals the average premium for a young driver is £1,121 if they have an additional named driver on the policy. However, without any other named drivers on the policy, the average premium for a young person is £1,489. It is important to note that all named drivers do need to drive the car for the policy to be valid.

Julie Daniels, Motor Insurance Expert at comparethemarket.com, said:

The cost-of-living crisis and soaring fuel costs mean that many people are struggling to stay on the road. For young drivers, the cost of insurance can also be prohibitively expensive. Adding an experienced named driver to your policy is a legitimate way to bring the cost down as long as they also drive the car. Our figures show that young drivers could save more than £350 on car insurance if they add a parent or other experienced driver to their policy. However, it is essential that all information provided to your insurer is accurate. Young drivers should take care to avoid fronting as they could land their parents with a criminal record, unlimited fine, and six penalty points.

Full release: Young people could save £368 on car insurance with an additional driver

Media contact: ctm@smithfieldgroup.com