An insurance expert’s advice on how young drivers can save £368

Industry insider reveals unique method that can slash hundreds of premiums as policy costs rise

Young drivers face rising car bills as car insurance costs start to climb.

The cost for young drivers is much higher though, with motorists aged 17-24 typically facing bills of over £1,000 a year.

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Automobile costs, including insurance, taxes and fuel, have all increased this year

According to figures from Compare the Market, which are based on quotes rather than ABI’s method of using actual policies, the average 17-24 year old pays £1,489 a year to insure their car, more than three times the national average.

However, comparison site car insurance expert Julie Daniels has revealed drivers could save over £350 by simply adding another driver.

According to data from the site, young motorists who include another named driver on their policy save an average of £368 compared to those who are the sole driver. This brings the average premium down to £1,121.

Julie said: “The cost of living crisis and soaring fuel prices mean that many people are struggling to stay on the road. For young drivers, the cost of insurance can also be prohibitive. Add an experienced driver named to your policy is a legitimate way to cut costs as long as they are also driving the car Our figures show young drivers could save over £350 on car insurance if they add a parent or other experienced driver to their police.

The method does not work if you add an equally young or inexperienced driver, but adding a more experienced driver such as a parent can help. However, it’s important for families to be honest about who will actually be driving the car or risk committing insurance fraud known as fronting, which can have serious consequences for both drivers.

The facade is to appoint an older, more experienced motorist as the primary driver for a police when in fact the less experienced person will be driving most of the driving.

If a young driver is caught in the act, their policy could become invalid and they could be subject to criminal prosecution.

Julie adds: “It is essential that all information provided to your insurer is accurate. Young drivers should be careful to avoid coping as they could give their parents a criminal record, an unlimited fine and six penalty points.

While young drivers will always face higher insurance bills, there are also other tips for reducing insurance costs, which you can read about in our guide here.