You could be invalidating your car insurance right now by making this mistake

Car Insurance premiums may have fallen but young drivers still stand to pay over £1,500 on average for a young drivers insurance policy to get them on the road. Adults between 25 and 50 pay an average of almost £700 per year and can make considerable savings on policies compared to their children. Many parents decide to put their name down on an insurance policy and claim they are the main driver to cut their children’s car insurance costs. However, this is called fronting and is deemed as a serious criminal fraud offence. Drivers who are caught could have their driving licence invalidated and slapped with a court appearance.

This is because the method is deemed as providing false information to an insurance provider which can have devastating consequences.

The insurance company could decide to refuse to pay for any damage to a car in the event of an accident or cancel the policy altogether.

Being caught breaking the law could result in more expensive car insurance prices when you next come to renew a policy and some providers could refuse to accept you onto their schemes.

A car’s main driver should be the person who regularly uses a car to drive to work or school and the person who uses the vehicle for the highest percentage of the time.

GoCompare research found 10 percent of parents admit to having already fronted on their child’s car insurance policy.

A further 34 percent of those surveyed also revealed they would consider doing it if would help their cash-strapped children save money.

A 2015 Co-Operative instance study revealed one in ten parents of 17-25 year-olds said they have fronted for their child at some point.

This is despite a massive 81 percent of those surveyed admitting they did know that fronting on a car insurance policy was illegal.

Mark Allen, Frau and Financial Crime Manager at the Association of British Insurers (ABI) said companies recognised innocent mistakes can happen but lying to insurers to secure cheaper policies is illegal.

In a statement, he added: “The consequences include getting criminal recorded a massive finical headache if found to be at fault for a crash. 

“The risks are just not worth it – especially when you can shop around for the right policy at the lowest price.”

To not get caught out but still reduce bumper car insurance costs young drivers are urged to get a black box telemetry system installed.

The boxes monitor how someone drives a car and if they keep below the speed omit and are deemed a safe driver it could bring prices down.

Go Compare also advises drivers to take part in advanced driving courses such as the Pass Plus scheme.

This could help reduce prices as it shows a commitment to insurers that a motorist is committed to driving safely and building confidence on the roads.

Getting a car with a mallet enhance will also often lead to cheaper insurance policies as will opting for a higher excess on the policy. 

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