Car Insurance Lies – Parents Warned!!

In a bid to keep the cost of their children’s car insurance costs down 6 in 10 parents admit that they would put a policy in their own name and add their child as a second driver. This is known as ‘fronting’, which is against the law. Parents who do this are risking the cover that is provided and also this could prevent insurance for their child in the future.

Managing Director of insurance comparison at gocompare.com has carried out a survey and says “as premiums have soared it is not surprising that parents won’t do all they can to help their children”.

Hayley Parsons also said “But parents should not be tempted to hide a young motorist as a named driver on a policy!”.

“Where ‘fronting’ is exposed insurers will cancel the policy or charge the correct premium as a lump sum”.

Source this money

CLICK HERE to keep updated with the latest news, share a comment or problems with products and services. Follow us on twitter or read more news.