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Car Lease Insurance Biddeford 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 - Amy Alward
(207) 209-2161
95 Ocean St.
Portland, ME
Safe Drivers Save 45% or More. Call Your Local Allstate Agent Today. Quick and Easy!

Allstate Auto Insurance
(888) 355-7971
1085 Brighton Ave
Portland, ME
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Browne Insurance Agency Inc - State Farm Insurance Agent
(207) 283-1167
321 Elm Street
Biddeford, ME
D B Warlick & Co
(207) 967-8070
PO Box 2738
Kennebunkport, ME
Carlson- Elaine Robin
(207) 883-5867
3 Plaza Dr
Scarborough, ME
Allstate Auto Insurance
(888) 355-7971
75 John Roberts RD Bldg A
South Portland, ME
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Patrick J Wheeler
(800) 283-9141
411 Alfred Street Park One Eleven
Biddeford, ME
Peg Poulin-Horton Ins Agcy Inc - State Farm Insurance Agent
(207) 283-9166
224 Main Street
Saco, ME
Bricker- Tracey S - State Farm Insurance Agent
(207) 985-6969
82 Portland Road
Kennebunk, ME
Marshall- Jeffrey Alan
(207) 883-0111
456 Payne Road Payne Rd Plaza
Scarborough, 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 ...

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