Adding a parent as a named driver helps to bring down the cost of the insurance premium because you won’t be the only person driving the car, and therefore the associated cost is lessened. In fact, according to MoneySuperMarket data, 35% of younger drivers aged 17 to 24 have a named driver on their policy, making their premiums up to 13% cheaper.
...it's important to get the underwriters to quote the addition of each parent separately. Whilst adding me to my son's policy did bring it down quite a bit, adding Mrs TwoTribes as well would increase it - based on her claims history!
I also learned that my industry-shared insurance file had a 'householding' marker because of my wife's claim - not the same as a fault claim recorded, but results in around a 5% premium hike for me... Grrr.
