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Car Lease Insurance Elkhorn WI

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
3713 Hawthorne St
Harvard, IL
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Bixby Farmers Insurance Agency
(262) 723-8051
404 North Wisconsin Street
Elkhorn, WI
 
American Family Insurance
(262) 723-4371
601 East Geneva Street
Elkhorn, WI
 
Mid-America Insurance Center Inc
(262) 723-4841
433 East Geneva Street
Elkhorn, WI
 
Grabow- Bradley W - State Farm Insurance Agent
(262) 728-6395
811 East Geneva Street
Delavan, WI
 
Farmers Insurance
(262) 743-2011
10 North Lincoln Street
Elkhorn, WI
 
Anderson- David H
(262) 723-2664
5 Ridgway Ct
Elkhorn, WI
 
Walbrandt Dennis
(262) 723-4841
433 East Geneva Street
Elkhorn, WI
 
Shea- Mark S - State Farm Insurance Agent
(262) 728-9702
5540 State Road 50 Ste 101
Delavan, WI
 
Bankers Life & Casualty CO
(262) 248-3219
1544 Cty Tk H
Lake Geneva, WI
 

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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