answersLogoWhite

0


Best Answer

Yes young drivers pay a higher premium because they are considered higher risk than older drivers. Insurance premiums do not drop until the age of 25. If he wrecks your car and it goes on your insurance you could get your policy canceled or be sued when your insurance company does not cover it. Insurance companies do what is known as underwriting which is the process of evaluating the potential of loss and liability a person old enough to be a grandfather with a decent driving record is considered a much lower risk than a junior driver.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: If you have a spare car and your grandson needs to borrow it should he get his own insurance?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How do you get insurance when you dont have any in the past?

You should not have a problem purchasing insurance even though you have never had insurance in the past. You should contact a local agent to discuss your insurance needs. He or she will be able to assist you in purchasing insurance.


What are the insurance times exactly?

Insurance times are something that you should discuss with your insurance provider. They will have all the information you are looking for and can cater to your needs.


Where Should you get insurance policies online in less than a minute?

Speed should never be the goal in obtaining insurance. There first needs to be a careful needs analysis. You then must assess the quality of the insurance company, including its claims practices and financial stability.


What is the purpose of 1 day insurance?

If one needs to borrow a vehicle from a friend or family member for a special occasion or purpose, it is a good idea to obtain one day car insurance. One day car insurance provides coverage for the vehicle and protects against liability.


Where can shop insurance be purchased?

You can insure your buisness with many differnt insurance companies. You should call your local agencies for your individual needs. They can match what your needs are to the policy you create.


Your son needs to borrow a car for 4 days On the insurance policy he has a limitted access to the car What are your actions?

Call your insurance company to clarify what limited access means. Four days of borrowing a car may be stepping past the limits of limited access.


How much insurance do I need?

Insurance needs vary greatly depending on the individual and the risk being insured. You should consult with a local insurance agent to get a better understanding of your insurance requirements.


What should you do when a biker runs into your car and does damage?

Contact your insurance company to see if they can repair your damage for free and get the bikers insurance details and their name and adddress if your insurance needs them.


Should I purchase insurance when I travel for business?

Depending on your needs and financial situation, business travel insurance should be considered for your business trips. Many travel insurance companies have business specific coverage, but you are not legally obliged to purchase travel insurance.


What kind of insurance is available for a mobile home?

alot of insurance companies offer insurance for moble homes such as geico you should look at their website and see if geico matches your needs for mobile home insurance


What should you look for when doing a life insurance comparison?

You should look at rates based on your age and other demographics. You should also compare term, whole and hybrid insurance to see what best fits your needs.


What does it mean when a lady asks for a loan?

she needs to borrow some money