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Car Lease Insurance Forest City NC

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
114 E Dixon Blvd
Shelby, NC
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

A Plus Associates Insurance Inc
(828) 245-3937
179 West Main Street
Forest City, NC
Nationwide Insurance & Financial Services
(828) 247-0003
968 South Broadway Street
Forest City, NC
Adams AL Insurance
(828) 245-1260
540 Oak Street
Forest City, NC
Myers Insurance Agency
(828) 287-8802
509 East Main Street
Spindale, NC
Nationwide Insurance CO - Agents
(828) 247-0003
968 South Broadway Street
Forest City, NC
Alan G. Shuford Agency
(828) 248-9793
671 Oak St
Forest City, NC
Adams- Al
(828) 245-1260
540 Oak St
Forest City, NC
Insurance Marketing
(828) 245-4236
568 West Main Street
Forest City, NC
Forest Edwards Insurance
(828) 287-3236
205 N Main St
Rutherfordton, NC

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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