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Car Lease Insurance Detroit Lakes MN

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.

State Farm Insurance CO
(218) 847-7018
710 Washington Avenue
Detroit Lakes, MN
 
Gerber- Brent V - State Farm Insurance Agent
(218) 844-6955
710 Washington Avenue
Detroit Lakes, MN
 
Jeff Morgan Ins Agcy Inc - State Farm Insurance Agent
(218) 863-2841
15 West Mill Street
Pelican Rapids, MN
 
Allstate Auto Insurance
(888) 355-7971
12700 Nicollet Ave
Burnsville, MN
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
7901 Flying Cloud Dr, #228
Eden Prairie, MN
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Keith Inwards Ins Agency Inc - State Farm Insurance Agent
(218) 847-1353
710 Washington Avenue
Detroit Lakes, MN
 
Greg Hildenbrand Ins Agcy Inc - State Farm Insurance Agent
(218) 847-4166
624 Lake Avenue
Detroit Lakes, MN
 
Winjum- Edward C
(218) 346-7855
411 3rd Ave SE
Perham, MN
 
Allstate Auto Insurance
(888) 355-7971
2301 Woodland Ave
Duluth, MN
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
3552 W River Pkwy NW Ste 3
Rochester, MN
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

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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