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Car Lease Insurance Meridian MS

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
4521 Poplar Springs Dr
Meridian, MS
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Insurance Companies
(601) 482-3332
4521 Poplar Springs Drive
Meridian, MS
 
McDonald- Chris Q - State Farm Insurance Agent
(601) 483-7743
4542 Poplar Springs Drive
Meridian, MS
 
Alfa Insurance - Claims Office
(601) 482-8521
2500 North Hills Street Suite G
Meridian, MS
 
Deitz- Pamela B - State Farm Insurance Agent
(601) 482-8619
1200 23rd Avenue
Meridian, MS
 
Allstate Auto Insurance
(888) 355-7971
1412 14th St
Meridian, MS
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

State Farm Insurance Company
(601) 482-0639
2552 North Hills Street
Meridian, MS
 
Garrett- Charles M - State Farm Insurance Agent
(601) 482-7131
5001 Poplar Springs Drive Ste B
Meridian, MS
 
Barham Jairus Insurance
(601) 482-2385
2340 North Hills Street Suite C
Meridian, MS
 
Lane Insurance Agency Inc
(601) 692-2752
2514 15th Street
Meridian, MS
 

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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