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Car Lease Insurance Cottonwood AZ

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.

DeGeer- Robert J - State Farm Insurance Agent
(928) 634-7680
545 South Main Street
Cottonwood, AZ
 
Rosenow- Neil D - State Farm Insurance Agent
(928) 634-2763
879 Cove Parkway
Cottonwood, AZ
 
State Farm Insurance CO
(928) 282-3526
2756 West Highway 89A
Sedona, AZ
 
State Farm Insurance Companies - Agents
(928) 282-3526
2756 West Highway 89A
Sedona, AZ
 
Evans- Dennis P - State Farm Insurance Agent
(928) 282-5549
2756 West Highway 89A Ste 1
Sedona, AZ
 
All Price Insurance
(928) 634-2311
116 North Main Street
Cottonwood, AZ
 
Allstate Insurance - Yvonne Buckner Biondi
(928) 649-1797
56 S Main St Ste. 6
Cottonwood, AZ
 
Jones- Patricia A - State Farm Insurance Agent
(928) 204-4437
140 Coffee Pot Drive Ste E103
Sedona, AZ
 
American Family Insurance William Linnemon
(928) 282-0710
2081 West Highway 89A
Sedona, AZ
 
Fleckenstein- Terrance A
(928) 204-4437
140 Coffee Pot Dr
Sedona, AZ
 

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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