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Car Lease Insurance Clovis NM

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 Auto Insurance
(888) 355-7971
3620 N Prince St
Clovis, NM
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Abernathy Don - State Farm Insurance Agent
(505) 762-4524
2025 North Prince Street
Clovis, NM
 
Smith- Jamie M - State Farm Insurance Agent
(505) 769-3838
301 North Main Street
Clovis, NM
 
Baker- Dennis W - State Farm Insurance Agent
(505) 762-3900
807 Lexington Road
Clovis, NM
 
Poynor Terry Insurance
(505) 762-6435
1220 North Prince Street
Clovis, NM
 
Allstate Auto Insurance
(888) 355-7971
122 S Avenue A
Portales, NM
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Johnson- Darrel W
(505) 762-3334
521 N Main St
Clovis, NM
 
Grand Traders
(505) 769-1015
1600 W Grand Ave
Clovis, NM
 
Saul- Doug - State Farm Insurance Agent
(505) 762-4747
2120 Ross Street
Clovis, NM
 
Jim O'Neill Insurance
(505) 763-8816
1021 Pile Street
Clovis, NM
 

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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