What should happen is if your friend has their own insurance policy on a car that they own, then the point and ticket should go on THEIR record. If you have not had any accidents or tickets and your insurance goes up quite a bit, get a copy of your record and if the ticket is there, you may have to prove it to the DMV or traffic court (not sure which) that you weren't the driver at the time. This is why you never lend your car to friends, even the good ones because something always happens.
In the US insurance has nothing to do with speeding. If your state has mandatory insurance, the fact that your car is insured is good enough but the officer may want to see proof of insurance. Here it is the vehicle that is insured, not the driver. In UK you should not let anyone drive your car on the public road without checking they are insured. You can be fined if you let them drive without insurance.
Car insurance follows the car. If you are using the friend's car temporarily, with permission, as a substitute for your own insured car, your insurance should cover you if the friend's insurance does not. What if my friend (who has the car) does not have insurance and I want to pay for my faults and fix it - will he be arrested?
I believe most insurances will cover the damages if the car is insured and you have a license, but if you do not have a license the insurance will not cover anything you are both liable. Your friend is liable for loning you the car without a license and you are liable for driving it.
Usually the insurance on the car covers any permitted driver unless that driver is excluded in writing.
generally the person who owns the car at fault involved in the accident is financially responsible. hopefully you have insurance and your friend is not excluded from your policy for some reason. if your friend is not excluded then your insurance company should pay
No. Your friend is most likely not a named insured on your homeowners insurance policy. Your homeowners insurance policy is specific to you and your property. It would also not cover the losses of a tenant.
You would be covered by the insurance on your friend's car if you are driving it with their permission. To be safe, get the parents' permission, not just your friend's. It may be that your friend can't give a legally binding permission.
As long as the friend is not excluded on the policy, and you have collision coverage on the vehicle and policy, then most likely yes..
You can legally loan your car to a friend, if you own it, but be prepared to pay for any damages done to or by your friend, because your insurance won't and they might cancel your policy. You must inform your insurance carrier if other persons will be driving your car.
As long as you have the title that he signed off of it and you signed on and you have insurance on the vehicle it will be covered.
More than likely your insurance. Check with your insurance carrier for the answer.
People are not insured. Vehicles are. In other words, it's not necessary for a vehicle owner to determine whether a potential driver is insured. The owner knows whether his car is insured. It is necessary, however, for a person who wishes to drive a vehicle to ensure that it is properly insured. I would not operate a vehicle unless I saw a valid insurance card for it.