"Old Is The New Black"

Do you occasionally lend your car out to a relative or a friend? If he or she gets into an accident, your auto insurance may not cover it. Here are some tips: Family policies offer broader coverage. Any relative in your household and any other person who has your permission to drive your vehicle is covered. I think the keyword here is "Family Policy". Check it out with your insurance agent - especially if you're single. Named insured-only policies are more restrictive but they are often 10% to 15% cheaper than family coverage policies. As the name implies , they cover only the driver named in the policy. If you lend your car to a friend, your child or even your spouse and there's an accident? The policy will not pay out. Not sure what type of policy you have? Contact your insurance company. If it's a named insured only policy, never let anyone drive your car. If other people are sharing your car, change up to a family policy as the extra prem...