No, this type of incident with your child's bike would not normally be covered by your auto insurance coverages.

If your child's bicycle hits your neighbor's vehicle then you would usually have to pay out of pocket for the damages your child caused with his or her bike or see about putting the claim through your homeowner's insurance policy. If the car owner has collision coverage they may put the claim through their insurance provider but will have to pay a deductible. There is the possibility that the car owner's insurance carrier could then subrogate with you, the minor child's parents, for the monies they paid out on a claim for damages your child caused.

To cover your legal responsibilities, a personal umbrella liability insurance policy can help protect you. An umbrella policy is supplemental coverage to be added onto the auto and home insurance that you already carry. There are misconceptions that umbrella policies are only for the wealthy but they are not. Any person or family that has assets to lose can obtain a policy to protect their property.

Read our article on the Basics of an Umbrella Policy for more information on this type of policy.