Auto Leasing Guide
Go to LeaseGuide.com now !

Car Lease Insurance Booneville MS

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.

Cornerstone Group
(662) 728-4477
1108 N 2nd St
Booneville, MS
 
Saylors Manfred Insurance
(662) 728-9595
307 West College Street
Booneville, MS
 
Tri-State Insurance
(662) 728-0092
208 South Second Street
Booneville, MS
 
Transportation Insurance Services Inc
(662) 720-1150
405 West College Street
Booneville, MS
 
Cornerstone Insurance & Financial Inc
(662) 365-1277
111 West Clayton Street
Baldwyn, MS
 
State Farm Insurance
(662) 728-9595
307 West College Street
Booneville, MS
 
Edge Karen Insurance
(662) 720-1150
405 West College Street
Booneville, MS
 
McVey Hilda Insurance
(662) 720-1150
405 West College Street
Booneville, MS
 
Logan Sr- Robert C
(662) 365-8694
611 Grisham St
Baldwyn, MS
 
Windham Insurance Agency
(662) 365-5238
307 Highway 45 North
Baldwyn, MS
 

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