How does auto insurance work when you "loan" your car to another?

by admin on March 7, 2010 · 4 comments

I have been thinking of "loaning" my car (which I own) to my 87 year old father. I would then lease a vehicle for myself. Then at the end of the lease period (let’s say 3 years) if he is no longer driving, the car returns to me. Can he purchase auto insurance on himself and the car or does it fall upon me and my policy? My father has an excellent driving record and so do I.

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{ 4 comments… read them below or add one }

Alvira March 7, 2010 at 2:29 pm

Call your insurance company to see if you can add him to your policy or if he would be covered under yours. Each state is different so ask them. And GO DAD!! 87 and an excellent driving record, those 2 things don’t usually go together.

If you are looking for the best auto insurance in your area, check out this site

http://Cheap-Auto-Insurances.info/

Hope this help,

Rob M March 7, 2010 at 2:29 pm

in most policies he would have to be listed as the primary driver.

David March 7, 2010 at 2:29 pm

autoinsurance.noneto.com – try this one. I have their car insurance and, as I know, they can provide such a service.

Mandy March 7, 2010 at 2:29 pm

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