Emails received by the campaign Dear Mijag, I would appreciate it if you would place this tip on your web page, it is a loophole but there is nothing unlawful about it. I'm also sure that insurance companies will not be able to cut such activity out because it will prove that there is collusion between them which is, as we all know, contrary to the Treaty of Rome and European Law. Here is a small handy tip which may help young drivers to avoid being completely financially raped by the evil force of the Irish insurance industry. Unfortunately it requires a co-operative father or mother. Take two individuals John and his dad Pat. Pat (55) drives a 1.8 litre saloon and has a 5 year / 50% no claims bonus. His insurance is £400 per annum. John (his son of 23) pays £3000 for a demonic, super charged, bound to kill everyone on the road as soon as he even looks at the accelerator, 1.1 Ford Fiesta. The scenario is this. If John had a 50% no claims bonus his insurance should be somewhere in the region of half of what he pays at the moment. There is nothing stopping John from placing his death machine in his fathers name, and insuring himself under his Dad as a named driver while changing his Dads bonus over to his Fiesta. Seeing as how these days you won't make much of a saving via the named driver approach we'll assume that the premium will be the same. However when it's subject to a 50% reduction the policy becomes a more gentle £1500 therefore not requiring quite so many stitches to the rear afterwards. The problems with this is that Pat loses his no claims. Even so it would make sense for John to give him the £400 pounds to make up for his Dads increased premium while still saving something in the region of a thousand pounds. I urge everyone to do this. Most companies will not quote for such a situation when the car is more than 3 years old. (the rationale is that if it's a new car it will probably be dads and not his poor son who can only afford a banger, therefore all the more reason to charge him 3 to 5 grand for nothing more than a piece of paper that, in the event of an accident, they'll try their best to dispute) However, I do know for a fact that Quinn Direct will quote for such a situation. One final question as a side point from all the above; If collusion and Olligopolistic anti-competitive market practise are eventually proven on the part of the relevant insurance companies, has anybody considered any compensatory rebates? Will they be forced to clean up their acts and to then go about their merry little way. What about the thousands of pounds that each of us has had stolen from us by them in the mean time? In the absence of such an event Mijag should organise a tortious class action. I know I'll have my dagger out! Keep up the good work Mijag Back to emails index