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Car Lease Insurance Marion 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
211 N Green St
Morganton, NC
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

McDaniel Insurance Agency LLC
(828) 652-6567
531 Lady Marion Plaza
Marion, NC
New York Life Insurance CO
(828) 652-8559
2530 U S 221 Bus North
Marion, NC
Old Fort Insurance Agency Inc
(828) 668-4226
238 East Main Street
Old Fort, NC
Beck Insurance Agency
(828) 437-2551
601 East Union Street
Morganton, NC
McDowell Insurance Agency Inc
(828) 652-6212
246 S Main
Marion, NC
Bagwell Insurance Agency Inc
(828) 659-2545
500 North Main Street
Marion, NC
Tate's Insurance & Financial Services Inc
(828) 652-7414
945 N Main St
Marion, NC
Lewis- Syna H
(828) 765-0102
11899 S 226 Hwy
Spruce Pine, NC
Morris- Jerome W
(828) 669-0002
3 Terry Estate Dr
Black Mountain, 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 ...

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