How does auto insurance work when you "loan" your car to another?
- 4 Comment
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.
4 Comments on this post
Trackbacks
-
Alvira said:
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,
Like or Dislike:
0 
0March 7th, 2010 at 2:29 pm -
Rob M said:
in most policies he would have to be listed as the primary driver.
Like or Dislike:
0 0March 7th, 2010 at 2:29 pm -
David said:
autoinsurance.noneto.com – try this one. I have their car insurance and, as I know, they can provide such a service.
Like or Dislike:
0 0March 7th, 2010 at 2:29 pm -
Mandy said:
hi
If you looking for a legitimate online loans in 1 Hour.once approved your loan will be transferred directly to your checking account promptly, and securely. Now you’ll be able to use the cash for all your necessities.http://bestonlineloancompanies.com
• 100% secure and processing
• No faxing -No credit check
• Immediate online approval
• Excellent customer service
• Get Cash in Minutes!
Good luck!……..Like or Dislike:
0 0March 7th, 2010 at 2:29 pm
