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Car Lease Insurance Albemarle NC

Car insurance rates are important when leasing. Coverage requirements are higher than most people already have. Find the lowest lease insurance rates by comparing quotes from multiple companies.

Allstate Auto Insurance
(888) 355-7971
2218 E Main St
Albemarle, NC
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
217 Main St W
Locust, NC
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Albemarle Insurance Agency
(704) 983-1161
PO Box 370
Albemarle, NC
 
Nationwide Insurance CO - Agent
(704) 983-3216
320 North 2nd Street
Albemarle, NC
 
North Carolina Farm Bureau Insurance Company
(704) 982-0113
1211 West Nc 24-27 Bypass
Albemarle, NC
 
Allstate Auto Insurance
(888) 355-7971
613 US Highway 52 N
Albemarle, NC
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Advantage Insurance Inc
(704) 982-8211
146 East Main Street
Albemarle, NC
 
Bear Insurance Service
(704) 982-1156
173 North 2nd Street
Albemarle, NC
 
Mabry Insurance
(704) 982-2149
303 North 1st Street
Albemarle, NC
 
Allstate Insurance Companies-Stanly
(704) 888-0174
Main Street
Albemarle, NC
 

Car Lease Insurance

Most auto lease companies require you to maintain insurance coverage as follows:

  • Liability coverage: $100,000 per person / $300,000 per occurrence
  • Property liability coverage: $50,000
  • Comprehensive and collision for actual value with no more than $500 deductible.

In Canada, $1,000,000 in liability coverage is required for car insurance when leasing.

This may be more coverage than you would normally buy, which could mean an additional leasing expense — unless you know how to get better rates. Most people are already paying too much for insurance, before they lease.

What's the deal with car insurance when leasing?

When you lease, your vehicle belongs to the lease company. They want to make sure that their investment is covered should you have an accident that damages or destroys the vehicle, or if the vehicle is stolen. They may also want you to have sufficient liability coverage in case you are at fault in causing an accident. This not only protects you from financial disaster, but it also protects the lease company if they should be held partly responsible.

Of course, having sufficient car insurance coverage is smart whether you are leasing or not. Many people attempt to get by with minimum coverage required by law but it's a big risk since there's so much to lose. Accidents do happen. Large lawsuits are common. If you have insufficient car insurance coverage, you can be personally sued for additional money after ...

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