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Car Lease Insurance Hammond LA

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
646 S 3rd St
Amite, LA
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

The General Automobile Insurance Services
(985) 345-3666
1320 North Morrison Boulevard
Hammond, LA
 
Jim Sledge Agency
(985) 345-8479
902 West Thomas Street # B
Hammond, LA
 
Jones- Joyce A
(985) 542-9732
1000 N Morrison Blvd
Hammond, LA
 
Balado Insurance Agency
(985) 542-1377
911 West Thomas Street
Hammond, LA
 
Allstate Auto Insurance
(888) 355-7971
506 Water St
Madisonville, LA
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Dameron-Jones Insurance Agency
(985) 345-7471
921 North Morrison Boulevard
Hammond, LA
 
All-Rite Insurance Agency
(985) 543-0075
1709 Western Avenue
Hammond, LA
 
Insurance Network of Louisiana Inc
(985) 345-0602
620 North Morrison Boulevard
Hammond, LA
 
Allstate Insurance Companies
(985) 386-3538
475 West Pine Street
Hammond, LA
 

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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