Average age of named driver rises from 25 to 31 in a year
uSwitch.com says that the average age of someone named as a second driver on their parent's car insurance policy has risen from 25 to 31 in a year.
10 million drivers now have a second named driver on their car insurance policy - 2.5 million have added their children
In just 12 months the average age of a child named as a second driver on their parent's car insurance policy has risen from 25 to 31 years old
Undetected fraudulent general insurance claims are now estimated to cost £1.9bn a year - up 24% from £1.6bn two years ago
Hard-up “kidults”
Mark Monteiro, insurance expert at uSwitch.com, said: "Not only are hard-up ‘kidults’ living at home for longer, but they are hanging around on their parents' insurance policies for longer too.
“It is no secret that younger drivers pay far higher premiums than older motorists because of the higher risk involved - but many are now getting around it by becoming a named driver on their parents' policy instead.
“The practice becomes illegal though when a younger motorist buys and registers a car in their own name, but the insurer is told falsely that a parent is the main driver.
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