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Car Lease Insurance Bedford IN

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.

Eckert- Allan G
(812) 275-5207
1427 J St
Bedford, IN
 
Hitchcock Agency- Inc.
(812) 279-4434
501 Lincoln Ave
Bedford, IN
 
Insurance Network
(812) 275-7995
621 X Street
Bedford, IN
 
Barger- J Frederick
(812) 275-7845
1319 6th St
Bedford, IN
 
Bankers Life & Casualty
(812) 279-0053
Butterfly Lane
Bedford, IN
 
Torphy- David M
(812) 279-6601
1625 O St
Bedford, IN
 
Kidwell- Larry G
(812) 275-3811
1237 22nd St
Bedford, IN
 
Allstate Insurance Companies
(812) 277-9681
717 Lincoln Avenue
Bedford, IN
 
Thomas Insurance Services Inc
(812) 278-9505
1701 16th Street
Bedford, IN
 
American Family Insurance
(812) 278-7300
619 Lincoln Avenue
Bedford, IN
 

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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