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Car Lease Insurance Ames IA

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.

Shrum- William R - State Farm Insurance Agent
(515) 232-0030
118 Main Street
Ames, IA
Allstate Insurance-Marci Baldwin
(515) 232-0771
516 Lincoln Way #b
Ames, IA
Dobson- Meg E - State Farm Insurance Agent
(515) 232-3307
515 Grand Avenue Ste 104
Ames, IA
Geise- Brandon D
(515) 733-4366
617 Broad St
Story City, IA
Riley- Eric L
(515) 433-0310
1332 S Marshall St
Boone, IA
Doyle- Mark S - State Farm Insurance Agent
(515) 232-8090
823 Wheeler Street Ste 8
Ames, IA
Barney Russell G
(515) 232-8090
123 6th St
Ames, IA
Madsen- Gregory G
(515) 382-6539
616 J Ave
Nevada, IA
American Family Insurance
(515) 733-4719
619 Broad Street
Story City, IA
Wigert- Douglas D - State Farm Insurance Agent
(515) 432-1215
816 Story Street
Boone, IA

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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