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Car Lease Insurance Grand Junction CO

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
599 Redwing Ln
Grand Junction, CO
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Arrietta-Truitt Maria Insurance OFC of Grand JCT
(970) 241-9791
2500 North Avenue
Grand Junction, CO
 
Allstate Insurance - Ronald L. Fedel
(970) 243-3313
812 Rood Avenue
Grand Junction, CO
 
Dirst- Martin J - State Farm Insurance Agent
(970) 242-3202
1204 North 7th Street
Grand Junction, CO
 
Farmers Insurance Group
(970) 241-4229
1354 East Sherwood Drive
Grand Junction, CO
 
Allstate Auto Insurance
(888) 355-7971
1950 Barcelona Way Unit F104
Grand Junction, CO
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

American Family Insurance
(970) 523-4466
70 Business Loop
Grand Junction, CO
 
Farmers Insurance Bennett Agency
(970) 245-7746
1208 Orchard Avenue
Grand Junction, CO
 
Stephen J Tyler Ins Agcy Inc - State Farm Insurance Agent
(970) 243-1000
2107 North 12th Street
Grand Junction, CO
 
Williams- Harry E - State Farm Insurance Agent
(970) 242-9951
640 Rood Avenue
Grand Junction, CO
 

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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