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UK Young Driver Motor Insurance - Build Your Own No Claims Bonus or Insure through Your Parents
By Tim Larden


Ppi Claims
At the time you felt pressured into taking out payment protection insurance on your loan. The representative from the bank seemed to bamboozle you with facts and figures and to be honest; you didn`t quite understand what was going on. You just wanted the loan because you needed a newer car as the engine on your old one had packed in. However, here you are a number of years later and you feel that an injustice has been carried out. A number of people have been sold PPI in the past and they have made successful claims against the bank that made them take it out in the first place. Enquire about Ppi Claims through a claim management company and you could find that you have a very strong case. You weren`t made fully aware of the facts at the time and there`s a good chance that you were mis-sold the policy. Speak to an advisor about Ppi Claims and you might even find that your policy was full of exemptions and clauses which meant it would have never been paid anyway. Highly experienced PPIs were sold to tons of people and in countless cases they didn`t guarantee to cover loan payments in times of sickness or redundancy. Plenty of people have valid reasons to make the Ppi Claims and you could be one of them.


For may young drivers, affording the costs of motor insurance is an issue. With first time insurance costs running to several thousands of pounds in some instances, it is no wonder that younger motorits are looking for ways to keep premiums down.

There are many legitimate ways of doing this. Young drivers shoudl look at the type of cover they need, consider the pass plus course and their first car should have as small an engine as possible to keep the cost low.

However many young drivers look to insure in their parents name in an effort to make their first policy affordable.

If the main driver is a young driver, most companies will insist that they be the principle policyholder and will not allow them to be named on anothers policy. Deliberately insuring a car and misleading your insurer about your circumstances has serious consequences. In this particular scenario it is referred to as fronting.

If a claim should arise from a policy and the insurer discovers that you were fronting, then it can have serious repurcussions. Firstly they could refuser to pay a claim and they could go as far as to void your policy which could mean that the police deem you to have not been properly insured and the courts could then issue an IN10 conviction.

If a young driver is merely a part time user of a car then it may be legitimate to insure in this way. However the reality is that it might not save you the money you think it will.

The building of a No Claims Discount is one of the best ways of helping to reduce your Motor Insurance premium. This works through loyalty and history built up between yourself and your Motor Insurance Company.

If you have not claimed the company will calculate your premium and apply a discount to it, rewarding you for your safe driving. This figure, depending on the Motor Insurance company can range from anywhere between 30% and 60%.

These days many companies allow you to protect your No Claims Bonus by paying a small amount up front on your premium. This could be highly worthwhile when you consider how much your policy may end up going up in price next year given an accident this year.

It is very important that young drivers build their No Claims Bonus. If you insure the car in a parents name, whilst there may be a cost advantage in Year 1, it may transpire that in years to come this becomes a false economy.

The No Claims Bonus is a bonus weighed against the main driver. If a parent insures a car with a young driver on the policy then at renewal, the 30-40% disount you were expecting might be far less.

It is highly recommended that the main user of any vehicle be the main insured name. It can work out financially better and you can avoid the risk of invalid insurance.

The best course of action is to speak to specialists who deal with Young Driver Motor Insurance. Of course, the best money saving tip of all is to shop around! No one insurance company can give competitive premiums for every driver so check as many quotes as you can.

For more information about this article and/or the author visit http://www.yourmotorinsurance.co.uk

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