A new study reveals that many young drivers are lying to insurers, risking serious consequences for cheaper car insurance premiums
London: It turns out that nearly one in five young drivers are bending the truth about who really drives their car. This sneaky move is called “fronting,” and it’s a big no-no.
Recent research shows that 21% of young male drivers and 15% of young female drivers aged 17 to 25 are involved in this kind of insurance fraud. They often have a parent pretend to be the main driver to snag a lower premium.
But here’s the kicker: this practice is illegal. If caught, these young drivers could face serious penalties, like losing their driving privileges or even having their car taken away. Yikes!
The study comes at a time when car insurance costs for newly qualified young drivers have hit record highs. A 17-year-old fresh out of driving school is looking at an average insurance bill of £3,075, which is a huge jump from last year.
Katriona Cunningham from Aviva, the insurance company behind the study, emphasizes that fronting is a major issue. She warns that it not only constitutes fraud but also puts young drivers in a risky spot.
She adds that it’s crucial for parents to talk openly with their kids about the importance of being honest when applying for car insurance. This way, they can help avoid the legal mess that comes with fronting.
Insurance premiums have been climbing for everyone, but young drivers are feeling it the most. The average cost for a 22-year-old who just passed their test is around £2,503, while a 27-year-old pays about £1,986.
With rising costs and more young drivers choosing to drive without insurance, the situation is getting pretty concerning. A recent report showed a staggering 200% increase in young drivers hitting the road without coverage.