When your teens drive

The Witness - Wheels - - MOTORING -

A MIS­TAKE par­ents make when in­sur­ing their child’s car is fail­ing to spec­ify the child as the pri­mary driver or as one of the driv­ers of a ve­hi­cle.

One of the rea­sons par­ents some­times ne­glect to name their child as the pri­mary driver is be­cause pre­mi­ums for younger driv­ers are typ­i­cally higher as the younger a driver is, the less ex­pe­ri­enced they are, he said.

Nazeer Hoosen, CEO of PPS Short-Term In­surance, a sub­sidiary of the PPS Group, how­ever warned if the par­ents do not prop­erly in­sure the car with the details of the ac­tual driver, they could be in for a mas­sive fi­nan­cial out­lay if their child is in­volved in a mo­tor ve­hi­cle ac­ci­dent. One way to lower the pre­mium of the pol­icy for a younger driver is to take on risk by in­creas­ing the ex­cess, he said. The sec­ond is to stay away from high per­for­mance cars as a first car for a young driver.

Hoosen said it is ac­tu­ally not a prob­lem that the car is in­sured in the par­ent’s name, as long as full dis­clo­sures are made in terms of the pri­mary driver, age and risk details at in­cep­tion or when the risk changes. — WR.

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