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Car Lease Insurance Auburn AL

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.

Jones Tim Insurance
(334) 826-6888
124 North Dean Road
Auburn, AL
 
Clowdus- Phillip W - State Farm Insurance Agent
(334) 887-8541
1141 Opelika Road
Auburn, AL
 
Powell- Sara Kathryn - State Farm Insurance Agent
(334) 501-8245
2408 East University Drive Ste 104
Auburn, AL
 
Cotton States Insurance CO
(334) 741-0080
107 18th Street
Opelika, AL
 
Bryan Tom Insurance
(334) 749-5777
1819 Pepperell Parkway
Opelika, AL
 
Jenkins Frank W Jr Insurance
(334) 821-8541
1141 Opelika Road
Auburn, AL
 
McGhee- Larry N
(334) 821-3793
818 E Glenn Ave
Auburn, AL
 
University Agency Inc
(334) 887-6569
611 East Glenn Avenue Suite B
Auburn, AL
 
Sheehan Rusty
(334) 745-6303
907 2nd Avenue
Opelika, AL
 
McLain Agency
(334) 741-0080
107 18th Street
Opelika, AL
 

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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