Did You Know? - June 2011

By InsuranceHotline.com Team
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Did you know that if you lend out your car and the person is involved in an accident, it may affect your auto insurance policy and rates?

Car insurance is tied to the vehicle and not the person. If you lend your car out to a friend or family member and your vehicle is involved in an accident it will be the policy covering the vehicle that will be affected. Remember, if you lend your car, you are in essence lending your car insurance.