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Car Lease Insurance Haleyville AL

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
42226 Highway 195
Haleyville, AL
Safe Drivers Save up to 20% on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Farmers Insurance Group
(205) 486-5555
1500 21st Street
Haleyville, AL
State Farm Insurance AEL
(205) 486-8816
1123 20th Street
Haleyville, AL
Barton- Michael T
(205) 486-2776
1123 20th St
Haleyville, AL
Carter Jr- Jesse F
(205) 489-2628
Hwy 195 North
Double Springs, AL
Carter Insurance Agency
(205) 486-5555
1500 21st Street
Haleyville, AL
Alfa Insurance - Haleyville
(205) 486-9531
1302 21st Street
Haleyville, AL
Thrasher Insurance Agency Inc
(205) 486-5100
2012 9th Ave
Haleyville, AL
State Farm Insurance AEL
(205) 489-2908
25300 Highway 195
Double Springs, AL
Alfa Insurance - Double Springs
(205) 489-2658
14380 Highway 278
Double Springs, AL

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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