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Car Lease Insurance Cheyenne WY

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.

Medina- James A
(307) 634-2400
1716 Warren Ave
Cheyenne, WY
 
Olson- Ronald D
(307) 635-1981
2320 Dell Range Blvd
Cheyenne, WY
 
Farmers Insurance Group - Tammen Tom
(307) 634-9011
4110 Ridge Road
Cheyenne, WY
 
Palluck Ed Agency
(307) 635-2208
604 West Lincolnway
Cheyenne, WY
 
Warrick- Bradley J
(307) 778-8789
200 Dell Range Blvd
Cheyenne, WY
 
Ose- Alan J - State Farm Insurance Agent
(307) 778-7770
1022 East Pershing Boulevard
Cheyenne, WY
 
Mauch- Rex M
(307) 635-3773
3020 Henderson Dr
Cheyenne, WY
 
New York Life Insurance
(307) 772-8000
1113 Twin Mountain Road
Cheyenne, WY
 
Tom Segrave Insur Agency Inc - State Farm Insurance Agent
(307) 632-9103
7000 Yellowtail Road Ste 210
Cheyenne, WY
 
Poulignot- Jay D - State Farm Insurance Agent
(307) 638-0286
3348 Ridge Road
Cheyenne, WY
 

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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