What are the suggestions for taking out a policy in my name with my teenage son as a named driver who has only just past his test ? We will be sharing the car weve just bought as he will drive it to college monday to friday and i will be using it evening and weekends.

Try and take out a policy which lets your son earn the no claims bonus scheme, that way when he does get his own insurance he will have some no claims under his belt. Or foot the bill and get his own insurance, I know it's expensive but it will come down! I was 18 when I bought my first car the insurance was £1500 on a 1.1 peugeot 106! Now I'm 24 and the insurance is under £400! Try and get your son to do the pass plus scheme to that will help!

I can only recommend that you insure him on his insurance policy and add yourself as an additional driver as he will be driving the car the most.

It will cost a huge amount for the first two - three years but totally worth it in the end. I was on my mothers insurance for 3 years, then decided to get my own insurance and ended up paying lots just to get my own policy.

Also as your son is young he stands quite a high chance of having an accident in his first 1-2 years of driving and it would be better for you that he's not on your policy when/if this happens.

Avoid the bonus accelarator policies as these NCB are not transferable between insurance companies and you will want to switch insurance on a year basis to make the maximum saving you can.

Also look at the tips on the moneysupermarket question pages to help reduce the cost of insurance. Eg If the car has no alarm look at getting an alarm.

No matter what you do expect a high price even on your policy, I would say upwards of £500. Most importantly shop around.

you will need to declare your son is the main user of the car,most insurers wont accept this and will request the policy to be put into his name.

the best thing is for your son to get his own policy if the car is mainly for him,.

<sigh> My pet hate is coming up too often. No claims bonus is not earned for named driver, it's a scam set up by the big players to get young drivers with high premiums on board!

At last! Sensible posts with sensible thinking! Especially from Darklight and DavieG!

Young driver as main. Named drivers do not earn their own NCD, they are not transferable and there will be no saving.

Hi

I added my daughter to my car insurance while she's learning to drive, and as I'm with tesco insurance, they said that any no-claims years as a named driver on my policy would count as no-claims years if she takes out her own policy with them.

When my older daughter passed her test, she sat the Pass-Plus course, which gave her an introductory discount on her first policy, equivalent to one years ncd.

G

Grenache:Hi

I added my daughter to my car insurance while she's learning to drive, and as I'm with tesco insurance, they said that any no-claims years as a named driver on my policy would count as no-claims years if she takes out her own policy with them.

When my older daughter passed her test, she sat the Pass-Plus course, which gave her an introductory discount on her first policy, equivalent to one years ncd.

G

If you select a policy by price, then the chances of Tesco being the cheapest with their 'equivalent' NCD is far less than finding it cheaper elsewhere if your daughter had her own transferable NCD. In the short term, it may be cheaper but it certainly won't be in the long run when Tesco are charging £100 more than the next insurer, and she will leave with only the amount earnt in her own name.