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Car Lease Insurance Los Lunas 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
2424 Main St NE
Los Lunas, NM
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Insurance Companies
(505) 865-3638
2424 Main Street Northeast
Los Lunas, NM
 
Dolores J Reese Insurance
(505) 864-1422
415 W Reinken Avenue
Belen, NM
 
Carbajal- Richard A - State Farm Insurance Agent
(505) 864-7474
614 Becker Avenue
Belen, NM
 
Ron Pino Ins Agcy Inc - State Farm Insurance Agent
(505) 877-1391
3211 Coors Boulevard Southwest Ste 12
Albuquerque, NM
 
SAIZ Gerard Insurance Agency
(505) 865-6422
400 Main Street Northwest
Los Lunas, NM
 
Jaramillo- Jerry R - State Farm Insurance Agent
(505) 865-4681
3459 Highway 47
Los Lunas, NM
 
BACA Motors
(505) 864-4409
Po Box 1149
Belen, NM
 
New York Life Insurance CO Gloria Perea-Agent
(505) 861-5590
101 South Main Street
Belen, NM
 
Allstate Insurance - Dean Chaney
(505) 836-2964
6001 Central Ave Nw
Albuquerque, NM
 

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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