Add an older driver to a policy
If you're in the money saving mood this January then don't ignore your insurance. Whether it's motor, home, travel, life or income protection insurance there are simple ways of minimising the amount you pay without sacrificing the level of cover.
Here are our top 10 tips to insurance savings in 2009.
Tip one: Add an older driver to a policy
If you're a parent, you can help out your child by adding yourself to their car insurance policy as a named driver.
A 20-year-old driver with one year's no-claims driving a Ford Focus would pay £1,371.85 for a policy with a £250 excess through Admiral car insurance. However, if the same driver added his 45-year-old mother to the policy, it could cut the premium to £1,089.30.
Don't be tempted to put the policy in the parent's name though as this is illegal - if your son or daughter is the main driver of the car, the insurance must be in his or her name.
Saving: £282.45
