(3)”EASILY lend my car to a friend and that friend is in an accident, his or her insurance company will pay for the problems…right?” Wrong!
Your car is your responsibility! And do you know what, even though you weren’t present during the accident, you’ll still receive a mark on your insurance record and your insurance premium could possibly go up. Isn’t that a bummer! Well, just make sure to think twice before loaning your car to people.