Lending Your Vehicle When you lend your auto, you also share your auto insurance. Typically, a guest driver is also covered under your policy. Should the guest driver cause a collision while driving your vehicle, your premium may increase. What to ConsiderUnder certain circumstances, you can lend your auto without naming a guest driver on your insurance policy. If you decide to lend your auto, keep the following in mind:You must agree – verbally or in writing – that the driver may use your vehicle. You can't lend your auto on a regular basis to someone without naming him or her on your insurance policy. If, for example, a friend wants to drive your auto every Friday to go grocery shopping, update your policy to include him or her as an occasional driver.The person who borrows your auto must be licensed and legally allowed to drive in the province or territory where you both live.When you lend your vehicle, remember that you also lend your insurance record. Understanding InsuranceLife is a risky business. Sometimes those risks hit home – a car collision… your basement suffering water damage… your business interrupted by vandalism. At times like these, insurance is there to help us recover, get us back on our feet and provide peace of mind. Related ServicesDistracted DrivingNearly 3 out of 4 Canadian drivers admit to driving distracted. You are 23 times more likely to crash if you text while driving. Useful LinksFinancial literacy1 in 2 Canadians wants to know more about home and auto insurance and how it fits into their financial plans. Loss PreventionBy practising safe driving techniques, you can prevent a collision. If you are in a collision, watch out for repair shop scams and other preventable costs. Fleet LiabilityPreventive maintenance is an essential part of an effective fleet risk-management program. Your organization may be held liable for a collision if a driver operates a vehicle for business purposes.Policy Check ListBy understanding how to read insurance documentation, you are better able to manage your policy. Declarations, insuring agreements and policy conditions are found in home, auto and business policies.