Insuring Learner Driver

[porkchop]

My daughter who has a learner permit was quoted a huge sum for insuring a small car which she has yet to purchase and put in her own name.
I discovered from online quotes that if the car was placed in my name and for insurance purposes i put myself as main driver and then added my daughter as an extra driver the premium was reduced a great deal. Have you any more suggestions as to how we could reduce it any further.
I know that i am taking on the risk but is that not what families are for!

[factor-fiction]

That could be regarded as 'fronting' and may invalidate any claim, particularly if you already have a vehicle of your own.
If she gets a quote in her name and adds you as an additional driver that would bring down her premium quite a bit

[rockyracoon]

If you use the same company to get a quote this way you may come unstuck if you need to claim. Someone was on TV from an insurance co a while ago and he said they look out for people who get quotes for young driver, find it too expensive and then get a second quote with experienced driver as the main driver. Be careful how you go about it, all quotes are saved apprently.

[Craftypig]

Talk her into buying a car that has very little "street cred" too, low on power should also be a consideration.

[boxtops]

As factor says, that's fronting which is illegal and invalidates the insurance. Your experience as an additional driver on her own policy should make a difference.
and no... the risk is that you end up with invalid insurance if you do it the other way, that's not a risk worth taking.

[Skyline D]

And a potential conviction for fraud. But heyho, that's what families are for!