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You let your friend borrow your car when the (almost) unthinkable happens—they cause a car accident. Not only could this wreck your friendship, but it might also put a dent in your wallet in the form of higher car insurance premiums.
So who pays when your friend crashes your car? If it was their fault, the burden usually shifts to you and your car insurance. It might seem unfair, but this is generally the way auto insurance works. Auto insurance typically follows the vehicle rather than the driver.
Therefore, if a friend borrows your ride, your auto insurance—not your friend’s auto insurance—normally is the primary coverage for any incident involving your car.
How a Your Insurance Would Pay Out
Let’s say your friend is responsible for a wreck that causes $7,500 in damage to your car. In this situation, collision coverage (if you have it) likely would cover the repair bill for your car (minus the deductible). Meanwhile, your liability coverage would take care of fixing damage to other people’s property (such as others’ vehicles) and pay medical bills for others’ injuries.
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Read Full Story: https://www.rollingstone.com/product-recommendations/finance/car-accident-insurance-coverage-at-fault-1218134/
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