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Car Lease Insurance Gallup NM

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.

PINO & Associates
(505) 722-2253
100 West Hill Avenue
Gallup, NM
 
Wells Kevin Insurance
(505) 863-3044
1113 West Historic Highway 66
Gallup, NM
 
Lucas-Vigil Insurance Agency Inc
(505) 722-4576
607 West Aztec Avenue
Gallup, NM
 
C & R Insurance Agency
(505) 863-3289
401 West Coal Avenue
Gallup, NM
 
Scarbrough- Donald K - State Farm Insurance Agent
(505) 863-9361
1615 South 2nd Street
Gallup, NM
 
Massachusetts Mutual Life Insurance Company - OFC
(505) 722-2253
100 West Hill Avenue
Gallup, NM
 
Carney-Vidal Insurance Agency
(505) 863-6877
1628 South 2nd Street
Gallup, NM
 
Farmers Insurance Group of Companies
(505) 863-4421
114 South Boardman Avenue
Gallup, NM
 
Dorsey- Larry M - State Farm Insurance Agent
(505) 863-4483
1800 East Highway 66 Ste 7
Gallup, NM
 
Allstate Auto Insurance
(888) 355-7971
Broadmoor Shooping Ctr
Hobbs, NM
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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