Auto Leasing Guide
Go to LeaseGuide.com now !

Car Lease Insurance Lumberton NC

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
589 Farringdom St
Lumberton, NC
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Borup Paul
(910) 739-8129
480 E 9th St
Lumberton, NC
 
BB&T Ins Svs Of Lumberton
(910) 738-4808
4900 Fayetteville Rd
Lumberton, NC
 
Lumberton Insurance Agency
(910) 739-0223
810 East 2nd Street
Lumberton, NC
 
Nationwide Insurance CO
(910) 618-0017
802 North Cedar Street
Lumberton, NC
 
McGirt & Associates Insurance Agency
(910) 739-5056
3404D Nc Highway 211 West
Lumberton, NC
 
Littleton- Gary Steven - State Farm Insurance Agent
(910) 738-4611
4904 Fayetteville Road Ste D
Lumberton, NC
 
Chillious Kellie A
(910) 618-9300
2505 North Elm Street
Lumberton, NC
 
Carter Johnny Insurance
(910) 739-0223
810 East 2nd Street
Lumberton, NC
 
George F. Martin Iii Agency
(910) 738-5231
582 Farringdon St
Lumberton, NC
 

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 ...

Click here to read the rest of this article from Lease Guide