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Car Lease Insurance Idaho Falls ID

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 - Cade Rindfleisch
(866) 604-0578
1775 E 17Th St Ste D
Idaho Falls, ID
Description
Safe Drivers Save 45% or More. Call Your Local Allstate Agent Today. Quick and Easy!

Farmers Insurance - Harrigfeld Agency
(208) 529-1503
1650 S Woodruff Ave
Idaho Falls, ID
 
New York Life Insurance CO
(208) 522-3434
1196 Ashland Drive
Ammon, ID
 
Hafen- Bryant C - State Farm Insurance Agent
(208) 525-2001
1510 West Broadway Street
Idaho Falls, ID
 
Homestead Insurance
(208) 529-5959
258 North Water Avenue Suite 1
Idaho Falls, ID
 
Allstate Insurance Companies
(208) 523-7310
2539 Channing Way
Idaho Falls, ID
 
Farmers Insurance Agent Harold Jones
(208) 522-8881
1325 South Holmes Avenue
Idaho Falls, ID
 
Bruce E Lind
(208) 522-0076
244 W Broadway St
Idaho Falls, ID
 
Allstate Insurance-Bruce E Lind
(208) 522-0076
244 W Broadway St
Idaho Falls, ID
 
Stokes- Doyle W - State Farm Insurance Agent
(208) 524-0287
1830 West Broadway Street
Idaho Falls, ID
 

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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