| It is a widely known statistic that a lot of young | | | | In order to save on the cost of insurance, young |
| people under the age of 25 are listed as | | | | adults are putting themselves on their parents' car |
| secondary drivers on their parents' car insurance | | | | insurance policies as secondary drivers, when they |
| policies. As the new statistics have come | | | | are in fact the sole driver of the vehicle. |
| together, it has been noticed that this age | | | | This is seen as insurance fraud. If one of these |
| bracket has risen, and now adults up to the age | | | | young drivers is in an accident, and the insurance |
| of 31 are being listed on their parents' car | | | | investigators find out that they are actually a |
| insurance policies as secondary drivers. | | | | primary driver on a vehicle they were listed as a |
| Because these young adults are listed as a | | | | secondary driver for, they will not pay out. Even |
| second driver on their parents' insurance policies, | | | | worse, these drivers could be charged for fraud! |
| they are saving a lot of money in the running | | | | It goes so far that the young driver will purchase |
| cost of having a car. With the financial downturn in | | | | their own vehicle, and register it in their own |
| many countries in the world, young adults are | | | | name, yet they will put the insurance for the car |
| finding any way possible to cut costs. They are | | | | in their parent's name, as if they are the main |
| now moving back in with their parents, and trying | | | | driver of the vehicle. |
| to merge their car insurance policies. Car insurance | | | | In order to avoid the repercussions of this kind of |
| can be a very expensive monthly bill, especially | | | | car insurance fraud, it is highly recommended that |
| for drivers under the age of 25, as they fall into a | | | | young adults take out their own insurance policies. |
| higher risk bracket. Because car insurance is legally | | | | Even if this is not financially viable, it must be |
| obligated in a lot of countries, people cannot | | | | done! It is pointless for parents to put their |
| afford to be without it. Unfortunately, sometimes | | | | children on their insurance policies, and pay that |
| they are financially unable to have it on their own. | | | | money every month, when the insurance |
| There is, however, a line that cannot be crossed | | | | company will not pay out when they find out |
| with regards to this. There is no problem with | | | | about the fraud being committed. In desperate |
| someone putting themselves down as a | | | | financial times, young adults can even take out |
| secondary driver on another person's insurance | | | | third party insurance, which is one of the |
| policy, so long as they only drive the car | | | | cheapest options available. This cover will pay out |
| occasionally. The problem comes when parents | | | | for the damages to the other vehicle the driver |
| put their children down as secondary drivers on | | | | hits. It may not cover the actual vehicle being |
| their policy, when they are in fact the main driver | | | | driven, but it is better than nothing. Especially if |
| of that vehicle. Research shows that the numbers | | | | the young adult drives into a luxury vehicle! |
| of people who do this are increasing dramatically. | | | | |