We have all heard a few questionable ‘facts’ about car insurance from family and friends, but instead
of finding out the truth we just choose to accept them. So, we at Drivers Auto Centre have decided
to do bit of research so that the next time your mother in law comes out with one of these
statements you can inform her, politely, that she is wrong…
1. “Your premiums will go up because you got that speeding ticket”
Not necessarily. Getting one ticket is not likely to impact the cost of your insurance for the
following year, but where you already have another offence on your record you may see an
increase. It is also dependent how fast you were going too.
2. “Because you’re young it’s better to be a named drive and have someone older as the main
False. It may be cheaper at the time (although this is not always the case), but it in the long
run it can end up costing you more. First of all, you usually cannot build up your own no
claims discount and therefore will not see the same reduction in your insurance premiums
than you would where you had your own policy.
It is also technically fraud where the car is driven significantly more by you than the main
driver – this is called ‘fronting’. Insurers have caught onto this, which is why they often ask
you how many cars there are in your house and who the main drivers are of those too.
Where it was found you were committing this fraud your insurance would then be invalid, it
really isn’t worth the short-term saving.
3. “Once you are 25 you can drive any car if you have comprehensive cover on your own car”
Not necessarily. This is probably one of the most common misconceptions. This benefit is
known as driving other cars (DOC) and it was almost always part of insurance policies to
have basic third-party cover when using other cars, but it is not so common now. Even
where you have this benefit, there can be certain restrictions such as you cannot own this
second car and it cannot be a hire car. This benefit was introduced in case of emergencies,
therefore even if you do have it you should consider getting full insurance if you drive this
second car regularly.