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Car Lease Insurance Corinth 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.

Allstate Auto Insurance
(888) 355-7971
529 Mulberry Ave
Selmer, TN
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Miller Insurance Agency
(662) 665-0059
1608 South Harper Road
Corinth, MS
 
Rogers- Tom L
(662) 287-8077
102 N Cass St
Corinth, MS
 
Darnell- John B
(662) 287-5297
1400 N Harper Road Ext
Corinth, MS
 
Magnolia Regional Health Center - Patient Account Inquiries- Blue Cross Blue Sh
(662) 293-1104
611 Alcorn Drive
Corinth, MS
 
Acceptance Insurance Tupelo
(662) 287-4898
1801 South Harper Road
Corinth, MS
 
Carpenter & Associates Insurance Agency
(662) 286-8233
1796 Highway 72 East
Corinth, MS
 
Eaton- Bonnard F
(662) 287-3911
401 N Fillmore St
Corinth, MS
 
Direct General Insurance Agency Inc
(662) 286-2800
2021 Highway 72 East
Corinth, MS
 
Selmer Insurance Agency
(731) 645-3479
104 North 3rd Street
Selmer, TN
 

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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