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Car Lease Insurance Fort Payne AL

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.

Alfa Insurance - Fort Payne
(256) 845-3811
907 Grand Avenue Southwest Suite A
Fort Payne, AL
Dunne- Patrick A - State Farm Insurance Agent
(256) 845-9292
312 Grand Avenue Southwest
Fort Payne, AL
Farmers Insurance
(256) 845-9965
1702 Gault Avenue North
Fort Payne, AL
Obenlander Lisa Lutcf Insurance
(256) 845-3811
907 Grand Avenue Southwest Suite A
Fort Payne, AL
Hilb Rogal & Hamilton Co
(256) 845-2065
2201 Gault Ave N Ste G
Fort Payne, AL
Nationwide Insurance & Financial Services
(256) 845-5116
2121 Gault Avenue North # A
Fort Payne, AL
Allstate Insurance Companies
(256) 845-3637
1104 Gault Avenue South Suite F
Fort Payne, AL
Morris L. Davis Agency
(256) 845-5116
2121 Gault Ave N
Fort Payne, AL
Insurance Associates
(256) 845-6262
1829 Gault Avenue North
Fort Payne, AL
M Chris Kuykendall Ins Agcyinc
(256) 845-4984
1827 Gault Ave N
Fort Payne, AL

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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