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If you have a spare car and your grandson needs to borrow it should he get his own insurance?


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Wiki User
2010-03-02 01:20:18
2010-03-02 01:20:18

Yes young drivers pay a higher premium because they are considered higher risk than older drivers. Insurance premiums do not drop until the age of 25. If he wrecks your car and it goes on your insurance you could get your policy canceled or be sued when your insurance company does not cover it. Insurance companies do what is known as underwriting which is the process of evaluating the potential of loss and liability a person old enough to be a grandfather with a decent driving record is considered a much lower risk than a junior driver.

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