I have my car insured by RBC Auto Insurance and I pay a decent premium after driving safe for more than 13 years in Canada. I know that my premium will increase once I make a claim for my Car damages, if it happens to be my fault in an accident.
That is why at times, when there happen to be a damage to other people's car due to my carelessness, I usually offer to pay my mechanic in cash to have their car repaired at no cost to them. I am very careful not to give cash directly to the other person involved in the accident because later on, that same person might come back to me and accuse me of not paying them for their car damages.
I also never sign any papers admitting my fault with a promise to repair their car. I have heard terrible stories of what happened, when a guy signed papers admitting his fault thinking that he doesn't want to go through the car Collision Centre because he was afraid of his car insurance premiums rising, due to the accident. This guy got sued personally by the other person involved in accident for a large sum of money, all because he wanted to save a bit on his car insurance premiums from going up. I know what I am doing is quite risky and I could go into a big loss if things didn't go the way I wanted, but I usually play it safe and I take precautions.
But I never gave it a thought what if I drive my dad's car often, will I be covered under my own insurance in case of any accident?
