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Car insurance premiums are on the up with young driver’s third-party, fire and theft (TPFT) premiums going up by 3.57% over the past quarter according to the AA. This takes the average TPFT premium for a young driver up to £1,042.41 (figures from www.theaa.com).

In light of this news, we thought you might like to hear of a way of possibly reducing your premiums.

If there is someone who could occasionally use your car, e.g. if you choose to start car sharing with someone at work and they happen to have a good car insurance history, adding them to your insurance as a named driver might lower the cost of your premium.

Speak to your car insurer and ask them the rules and regulations of doing this and see how much you can save.
 

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1:53 pm | Categories: Car Insurance, Insurance, Money Saving Tips
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