Auto Leasing Guide
Go to LeaseGuide.com now !

Car Lease Insurance Bangor ME

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 Insurance - Alexandra Beaulieu
(207) 945-3612
849 Stillwater Ave
Bangor, ME
 
Allstate Insurance - Carol A. Cammack
(207) 990-5008
609 Hammond Street
Bangor, ME
 
Gardner- Mary Beth
(207) 947-0924
1219 Broadway
Bangor, ME
 
Allen- Peter C
(207) 947-6781
585 Hammond St
Bangor, ME
 
St Peter- Jill M
(207) 989-1288
319 Wilson St
Brewer, ME
 
Bankers Life & Casualty CO
(207) 947-3448
27 Bangor Mall Boulevard
Bangor, ME
 
Blue Cross and Blue Shield of Maine
(207) 262-0456
1 Merchants Plaza Suite 403
Bangor, ME
 
Allstate Insurance Companies
(207) 945-3310
1045 Broadway
Bangor, ME
 
R Hogan Ins Agency Inc - State Farm Insurance Agent
(207) 947-4579
792 Stillwater Avenue
Bangor, ME
 
Brewer Fcu
(207) 989-7240
77 N Main St
Brewer, ME
 

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 ...

Click here to read the rest of this article from Lease Guide