Will My Car Insurance Cover My Car If I Loan It To a Friend in New York?
Reader’s Question:
What will happen if I loan my vehicle in Hamburg, New York to a friend and he got cited for driving without a license and a ticket for speeding. Will it affect my auto insurance?
Carol
Hamburg, NY
If your friend borrow your vehicle and he got cited for driving without a license and a ticket for speeding, normally the ticket will be written to your friend and will not affect your automobile insurance rate premium. However, if the ticket was written against the car then it could affect your auto insurance rate depending on what the violation was.
Usually it is best that you lend your vehicle to someone who has a valid drivers license. Some insurance carriers will not cover if the driver does not have a valid drivers license and got into an accident, depending on the exclusion on your car insurance policy. Even if the insurance company will cover it, your automobile insurance rate in New York will be affected.
Young Driver Auto Insurance in New York
Reader’s Question:
Who is considered “inexperienced” with regards to driving experience in New York? I am a young driver trying to lower the rate my parents pay for car insurance.
John
Hamburg, NY
If you have a vehicle in your household you should have been on an insurance policy, either a car or your parents or a vehicle you own in Hamburg, New York.
According to the New York Insurance Department one of the most relevant classifications in car insurance rating factor is age because of its obvious relation to losses. Consistently, teen or young drivers are disproportionately represented in car accidents in relation to their percentage of the total motorist population.
According to NYS DOI also that in New York State if licensed less than 3 years at the start of the car insurance policy period, the principal operator of a car, regardless of age, will receive an inexperienced operator surcharge. Therefore this surcharge is based on the actual time in which you have been licensed.
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