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Car Lease Insurance Fort Smith AR

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
1302 Main St
Van Buren, AR
Description
Safe Drivers Save up to 20% on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Brad S Thomas Ins Agency Inc - State Farm Insurance Agent
(479) 452-4320
3301 South 70th Street
Fort Smith, AR
 
Don Wright Ins Agcy Inc - State Farm Insurance Agent
(479) 649-8001
3600 Old Greenwood Road Ste 4
Fort Smith, AR
 
Shaw- Gregory S - State Farm Insurance Agent
(479) 452-8700
4900 Rogers Avenue Ste 100F
Fort Smith, AR
 
Farmer's Insurance Group
(479) 783-0010
4300 Rogers Avenue
Fort Smith, AR
 
Allstate Auto Insurance
(888) 355-7971
807 E Main St
Charleston, AR
Description
Safe Drivers Save up to 20% on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Bittle- Randy L - State Farm Insurance Agent
(479) 452-4088
2218 South 57th Street Ste B
Fort Smith, AR
 
Arvid A Bean Ins Agency Inc - State Farm Insurance Agent
(479) 452-1919
3620 South 91st Street
Fort Smith, AR
 
Richard R. Organ Agency
(479) 783-2801
1309 S 41st St
Fort Smith, AR
 
Affordable Auto Insurance
(479) 782-6979
1406 Zero Street
Fort Smith, AR
 

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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