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Car Lease Insurance Mason City IA

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 - Brian Randall
(641) 316-3164
471 S Illinois Ave.
Mason City, IA
Description
Safe Drivers Save 45% or More. Call Your Local Allstate Agent Today. Quick and Easy!

Marquis- Kristy L - State Farm Insurance Agent
(641) 423-7930
634 South Monroe Avenue
Mason City, IA
 
Vacek- Kenneth A
(641) 421-7424
595 S Illinois Ave
Mason City, IA
 
Kelly- Richard D
(641) 423-5620
525 S Washington Ave
Mason City, IA
 
Miller- Garry L - State Farm Insurance Agent
(641) 357-8292
220 US Highway 18 West
Clear Lake, IA
 
Haines Insurance Inc
(641) 423-9000
408 South Monroe Avenue
Mason City, IA
 
Farmers Insurance Group Rob Adams Agency
(641) 424-1230
202 1st Street Southeast Suite 204
Mason City, IA
 
Corcoran & Associates Inc
(641) 494-1814
15 1st Street Northeast
Mason City, IA
 
Thomas- Clinton M
(641) 423-7924
2790 4th St SW
Mason City, IA
 
American Family Insurance - Joel Secory Insurance
(641) 357-8168
Po Box 152
Clear Lake, IA
 

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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