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Car Lease Insurance Boone NC

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.

Greystone Insurance
(828) 264-2626
1064 Meadowview Dr
Boone, NC
 
M. Andrew Harkins Agency
(828) 265-2639
166 Boone Heights Dr
Boone, NC
 
Blue Ridge Insurance Service Inc
(828) 264-2393
2208 USHighway 421 North Suite 2
Boone, NC
 
Kincaid Ins Agency
(828) 264-8732
2348 Hwy 105 P.O. Box 2017
Boone, NC
 
Denton Insurance Agency
(828) 264-3991
324 Nc Highway 105 Ext Ste 14
Boone, NC
 
McDonough- Andrea M - State Farm Insurance Agent
(828) 264-2744
154 East King Street
Boone, NC
 
Farm Bureau Insurance - Sub Office
(828) 262-9638
135 State Farm Road
Boone, NC
 
Boone Insurance Agency Inc
(828) 264-8732
2348 Highway 105
Boone, NC
 
Nationwide Insurance
(828) 264-8777
379 New Market Boulevard
Boone, NC
 
Allstate Insurance Company
(828) 264-6828
105 Extension Building # 600
Banner Elk, NC
 

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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