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Car Lease Insurance Greenwood MS

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.

Thompson- Hugh R
(662) 455-6749
307 Lamar St
Greenwood, MS
Clark Randy Insurance
(662) 453-1111
214 George Street
Greenwood, MS
Rawson- Steve - State Farm Insurance Agent
(662) 455-6749
307 Lamar Street
Greenwood, MS
(601) 853-3314
PO Box 1220
Greenwood, MS
Nichols & Associates
(662) 455-1458
105 Walthall Street
Greenwood, MS
Pannell- Robert S
(662) 453-6625
105 Grand Blvd
Greenwood, MS
Ainsworth- Tommie D
(662) 453-1470
409A W Park Ave
Greenwood, MS
State Farm Insurance CO
(662) 455-6154
307 Lamar Street
Greenwood, MS
Allstate Insurance Companies
(662) 453-0060
2004 Highway 82 West
Greenwood, MS
Direct General Insurance Agency Inc
(662) 455-2800
707 Highway 82 West
Greenwood, MS

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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