• Insurance
  • Auto Insurance
  • Auto Insurance Claims

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

User Avatar

Wiki User

βˆ™ 2010-03-02 01:20:18

Best Answer

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.

2010-03-02 01:20:18
This answer is:
User Avatar

Your Answer


Related Questions

How do you get insurance when you dont have any in the past?

You should not have a problem purchasing insurance even though you have never had insurance in the past. You should contact a local agent to discuss your insurance needs. He or she will be able to assist you in purchasing insurance.

What are the insurance times exactly?

Insurance times are something that you should discuss with your insurance provider. They will have all the information you are looking for and can cater to your needs.

Where Should you get insurance policies online in less than a minute?

Speed should never be the goal in obtaining insurance. There first needs to be a careful needs analysis. You then must assess the quality of the insurance company, including its claims practices and financial stability.

Where can shop insurance be purchased?

You can insure your buisness with many differnt insurance companies. You should call your local agencies for your individual needs. They can match what your needs are to the policy you create.

What is the purpose of 1 day insurance?

If one needs to borrow a vehicle from a friend or family member for a special occasion or purpose, it is a good idea to obtain one day car insurance. One day car insurance provides coverage for the vehicle and protects against liability.

Who needs to get property insurance?

Anyone that has a home that they own, even if it is not paid for needs to get property insurance. Property insurance is a type of home owners insurance. If you would like to save money make sure that you get quotes from several companies. Property insurance is a must for everyone.

How much insurance do I need?

Insurance needs vary greatly depending on the individual and the risk being insured. You should consult with a local insurance agent to get a better understanding of your insurance requirements.

What should you do when a biker runs into your car and does damage?

Contact your insurance company to see if they can repair your damage for free and get the bikers insurance details and their name and adddress if your insurance needs them.

Should I purchase insurance when I travel for business?

Depending on your needs and financial situation, business travel insurance should be considered for your business trips. Many travel insurance companies have business specific coverage, but you are not legally obliged to purchase travel insurance.

Disability insurance needs to have tighter restrictions?

Disability insurance needs to have tighter restrictions

What kind of insurance is available for a mobile home?

alot of insurance companies offer insurance for moble homes such as geico you should look at their website and see if geico matches your needs for mobile home insurance

Your son needs to borrow a car for 4 days On the insurance policy he has a limitted access to the car What are your actions?

Call your insurance company to clarify what limited access means. Four days of borrowing a car may be stepping past the limits of limited access.

How do you get insurance for a day care center?

Daycare InsuranceWhen seeking any type of insurance, including insurance for operating a daycare, always start by calling your local agent. They should be able to meet most if not all of your insurance needs. ..

What should you look for when doing a life insurance comparison?

You should look at rates based on your age and other demographics. You should also compare term, whole and hybrid insurance to see what best fits your needs.

What can you insure your business for?

Every business needs a liability insurance. Also to that, you should also get a Health Insurance and if your business includes a couple of directors, a Keyman insurance can be a good idea too.

Does Geico have options for auto insurance?

Geico does have many options for auto insurance. You can find them by visiting their website, or by calling their 800 number. They should have something to fit your auto insurance needs.

Who is the insurance company providing the insurance for the MSN cars?

There are many companies that provide insurance for MSN cars. You should find the company that fits your needs the best, financially and amount of coverage.

What is the use of consultants insurance?

Insurance consultants are professionals who specialize in assisting business and individuals in assesing their insurance needs and creating an insurance plan that will meet those needs.

Where can one find tips for buying car insurance?

Buying car insurance can be tricky. One should ask friends and family what experiences they have had with car insurance and then do some online research to find what insurance is best for their needs?

What does it mean when a lady asks for a loan?

she needs to borrow some money

How do you claim the cash value of life insurance on your taxes?

It normally isn't a taxable event. If it needs reporting the insurance co should have sent uyou a 1099.

Who needs home owner insurance?

as everything you need insurance to protect you from things that can happen to something so you'll get a reduction on the full price of it. your insurance company will pay for it. you should get home owner insurance to help you in accidents and to be safe.

Should a healthy individual opt for no medical exam health insurance?

A healthy individual should opt for the coverage that best suits his insurance needs. The "no medical exam" is an option that most affects the provider, not the insured.

What are some tips on Compare Motorcycle Insurance?

Some tips on Compare Motorcycle Insurance come in three steps: step one start one's quote, then one should collect different insurance providers to compare, and finally one should choose the best insurance which suits one's needs.

What are the advantages of having a trade motor insurance?

Trade motor insurance is insurance for people who make their living doing anything related to cars or motorcycles. There are different types of this insurance and you should check them all out to find the one that fits your needs the best.