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Car Lease Insurance Los Alamos NM

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
1186 17 St
Los Alamos, NM
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
1811 N Riverside Dr
Espanola, NM
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Rasmussen- Lloyd D
(505) 662-3491
1362B Trinity Dr
Los Alamos, NM
 
State Farm Insurance
(505) 753-7372
1227 North Railroad Avenue
Espanola, NM
 
El Valle Insurance Agency
(505) 753-3185
919 North Riverside Drive
Espanola, NM
 
Allstate Auto Insurance
(888) 355-7971
1907 Trinity Dr
Los Alamos, NM
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Louis Santoro Ins Agcy Inc - State Farm Insurance Agent
(505) 661-0600
110 Central Park Square
Los Alamos, NM
 
Brown- Gloria V
(505) 662-3835
1460 Trinity Dr
Los Alamos, NM
 
Jacquez- Matilda D
(505) 747-7770
1227 N Railroad Ave
Espanola, NM
 
Allstate Auto Insurance
(888) 355-7971
407 Rio Grande Blvd NW
Albuquerque, NM
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

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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