Auto Leasing Guide
Go to LeaseGuide.com now !

Car Lease Insurance Des Moines IA

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
4505 SW 9th St
Des Moines, IA
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Taylor- Theresa A - State Farm Insurance Agent
(515) 274-3444
4040 University Avenue Ste B
Des Moines, IA
 
Reed- Kimberly A - State Farm Insurance Agent
(515) 274-0411
3812 Ingersoll Avenue
Des Moines, IA
 
La Mair - Mulock - Condon Co.
(515) 237-0166
808 Fifth Avenue
Des Moines, IA
 
Holmes Murphy & Associates Inc
(515) 223-6800
420 Watson Powell Jr Way
Des Moines, IA
 
Allstate Auto Insurance
(888) 355-7971
204 E DETROIT AVE
Indianola, IA
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Cale Matt
(515) 280-9000
4040B University Ave
Des Moines, IA
 
Farmers Insurance District Office
(515) 331-2116
974 73rd Street
Windsor Heights, IA
 
Nelson Brothers/Schroder
(515) 274-4785
3621 Douglas Ave
Des Moines, IA
 
Helps- Julie A - State Farm Insurance Agent
(515) 277-7227
2911 Merle Hay Road
Des Moines, IA
 

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