With insurance premium costs skyrocketing, many young drivers are opting to be part of their parents’ existing insurance rather than taking out their own. Putting yourself as a named driver on a policy is fine, and for many young people it’s the best way to get insured without having to fork out a fortune.
However, there’s a fine line between being insured to get a good deal, and actually committing insurance fraud. One will save you money. One will cost you – and could lead to points on your licence as well as a potential criminal record. read more »