The latest statistics indicated that young drivers under the age of 25 are most commonly listed as an additional driver on their parents’ car insurance policy. However, in recent months it has become increasingly noted that this age could well be increasing as more drivers up to the age of 31 years are listed on their parent’s policies rather than getting a policy of their own.
The main reason for young drivers to do this is to save money on the costs associated with running a vehicle which seem to be spiraling ever upwards as countries around the globe experience economic downturns. This means that young drivers not just in South Africa, but in other countries as well, are trying to cut down on living costs. In addition to putting their names on the insurance policies, many young people are moving back into their parents’ homes as well.
Car insurance can be fairly expensive, especially for people under 25 who are classed as a high risk by insurance providers. Most countries have legal requirements for car insurance so younger drivers need to find ways to meet the cost. Here in South Africa, auto insurance is not yet mandatory which could tempt young drivers to opt out of securing cover unless they can take advantage of being added to their parents’ car insurance policies. Being added as a secondary driver is not that big of an issue, but it does come with certain guidelines which should be adhered to. The secondary driver is only allowed to drive occasionally, but many parents are actually adding their children onto car insurance policies in their names in order to get a cheaper deal when in fact the young person is the main driver. This can result in the policy being made void if this is uncovered by investigators. However, thanks to autoinsurance.co.za it is possible for young drivers to get cheap car insurance of their own.
Instead of having to spend time checking with multiple insurance providers, you should instead enter a few key pieces of information into our form and we will do all of the searching for you. We then return a list of viable options to you so that you can compare prices and policies. This allows you to find the most suitable cheap car insurance to meet your needs with a minimal amount of fuss.