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Car Lease Insurance Ardmore OK

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
1908 12th Ave NW
Ardmore, OK
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Watkins Everett J Insurance
(580) 223-1181
1211 West Broadway Street
Ardmore, OK
 
Allstate Insurance Company
(580) 223-7768
825 Grand Avenue
Ardmore, OK
 
Longest Tim Insurance Agency Inc
(580) 223-3160
1208 West Broadway Street
Ardmore, OK
 
Weder- Tod R
(580) 226-6400
724 Grand Ave
Ardmore, OK
 
Bowker Barry Insurance
(580) 223-7768
825 Grand Avenue
Ardmore, OK
 
Brazzell Doug Insurance Agency
(580) 223-4240
325 E Street Northwest
Ardmore, OK
 
Ritchey Wendall Insurance
(580) 223-0391
1122 West Broadway Street
Ardmore, OK
 
Bush- Paula A
(580) 226-2706
1414 12th Ave NW
Ardmore, OK
 
Joe Mcadams Insurance Agcy Inc
(580) 223-6417
1017 Cottonwood St
Ardmore, OK
 

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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