General Insurance How do I purchase insurance if I own a car but someone else will drive it?
You may be able to find a company that will insure you without a license and you would then list the person who will be driving your car on the policy. If you can't find an insurer that will insure you without a license, then the person who will be driving can get a policy in their name and list you as an excluded driver and additional interest on the policy since you have a financial claim to the car.
Most Recent Car Insurance Costs
You are correct in that having a poor credit history will raise your rates. Age can be a factor as well.
Since you will be driving your friend's car, you will need to be listed on their insurance policy as a driver. Since your friend is the owner of the car, they are required to maintain insurance on it.
I would contact your current insurance and see what they say about coverage for this type of use. It's likely they will mark your policy as a "business use" under a personal policy.
Car Insurance Costs Coverage & Claims
The tricky part about this situation is the police report. Since your current insurance company is unlikely to re-run your driving records after you become a customer, avoiding a claim should keep the rate with your current company from increasing.