If you're considering loaning out your vehicle, keep in mind they're also borrowing your auto insurance. Your insurance coverage will protect your car regardless of who's driving. If you're friend or family has an accident, your insurance would cover the damages and the driver's insurance would serve as a secondary coverage. If you're driver has no insurance, you may be liable for all of the damages and expenses, even if it exceeds your insurance limits.
So before lending your car, here are some tips to keep in mind:
- Always keep your proof of insurance and registration in the car if the borrowed driver needs it.
- Make sure your friend has a driver’s license and has other car insurance.
- Check your policy to see if there are any details on giving permission for someone else to drive your car.
- Maybe consider adding the other driver onto your policy as an additional driver.
The agents at Moon & Adrion Insurance Agency can assist you with any questions you may have regarding adding a driver or letting someone drive your vehicle.