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Car Lease Insurance Muscle Shoals AL

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
115 Baker Ln
Tuscumbia, AL
Description
Safe Drivers Save up to 20% on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Rose Pete Insurance Agency Inc
(256) 386-7744
1808 Woodward Avenue
Muscle Shoals, AL
 
Grimes Phil
(256) 381-5774
200 South Wilson Dam Road
Muscle Shoals, AL
 
Hester Randall Insurance
(256) 386-7900
1810 John R Street
Muscle Shoals, AL
 
Freeman Insurance Agency
(256) 381-8372
601 Pasadena Avenue
Muscle Shoals, AL
 
Allstate Insurance
(256) 386-7900
1810 John R Street
Muscle Shoals, AL
 
Alfa Insurance - District Office
(256) 381-4165
200 South Wilson Dam Road
Muscle Shoals, AL
 
Laura L. Johnson Agency
(256) 314-1280
3203 Woodward Ave
Muscle Shoals, AL
 
Hampton- James E
(256) 383-1140
919 Avalon Ave
Muscle Shoals, AL
 
Henry Roger Insurance Agency
(256) 381-0110
1003 Avalon Avenue
Muscle Shoals, AL
 

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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