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Car Lease Insurance Grand Forks ND

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.

Farmers Insurance Ageny
(701) 780-8888
1604 South Washington Street
Grand Forks, ND
 
Farmers Insurance
(701) 787-0012
823 Great Plains Court
Grand Forks, ND
 
Randy Fenley Ins Agency INC - State Farm Insurance Agent
(701) 772-5684
2750 South 26th Street Ste A
Grand Forks, ND
 
Opdahl- Sharon L
(701) 746-0495
2534 17th Ave S
Grand Forks, ND
 
Ericson- Vicki J - State Farm Insurance Agent
(701) 772-2279
1521 24th Avenue South Tig Plaza
Grand Forks, ND
 
Allstate Insurance Companies
(701) 746-5410
1425 South Columbia Road
Grand Forks, ND
 
State Farm Insurance Agencies - Peterson Wayne F CLU
(701) 772-5987
2100 South Columbia Road
Grand Forks, ND
 
Mittelsteadt Rod Insurance Agency
(701) 775-9280
2305 South Washington Street
Grand Forks, ND
 
Larson- Marilyn J - State Farm Insurance Agent
(701) 746-9722
2600 Demers Avenue Ste 105
Grand Forks, ND
 
George E Wogaman Agency Incorporated
(701) 772-7108
2612 Gateway Drive
Grand Forks, ND
 

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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