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Car Lease Insurance Greenwood SC

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
562 Bypass 72 NW
Greenwood, SC
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Dantzler Insurance
(864) 942-8001
Div Of Tcb Financial Assoc
Greenwood, SC
F. Michael Meredith Agency
(864) 229-4699
410 Main St
Greenwood, SC
The Lakelands Insurance Agency
(864) 953-9888
1123 South Main Street
Greenwood, SC
American National Agency
(864) 229-4195
464 Heritage West Court
Greenwood, SC
Coyle- Francis Joseph
(864) 223-6781
1128 S Main St
Greenwood, SC
State Farm Insurance
(864) 223-6781
1128 South Main Street
Greenwood, SC
Burns J C III Insurance
(864) 229-7011
109 Bailey Circle
Greenwood, SC
McGill- David T - State Farm Insurance Agent
(864) 229-2222
674 By Pass 72 N West At Calhoun Road
Greenwood, SC
Mary Ann Smith Insurance Agency Inc
(864) 223-5993
614 East Durst Avenue
Greenwood, SC

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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