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Car Lease Insurance New Ulm MN

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.

Riedman Corporation
(507) 359-2961
114 N State St
New Ulm, MN
 
Farmers Insurance Group
(507) 354-8848
1523 North Broadway Street
New Ulm, MN
 
Hoffrogge- Dennis W - State Farm Insurance Agent
(507) 794-2169
127 Main Street East
Sleepy Eye, MN
 
Allstate Auto Insurance
(888) 355-7971
1865 W Wayzata Blvd
Long Lake, MN
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate Auto Insurance
(888) 355-7971
1020 E 146th St
Burnsville, MN
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Bob Webb Insurance Agency Inc - State Farm Insurance Agent
(507) 354-3151
1300 South Broadway Street
New Ulm, MN
 
Miller- Marian L - State Farm Insurance Agent
(507) 354-8524
526 North State Street
New Ulm, MN
 
Webb- William B
(507) 726-2264
242 Highway 60
Lake Crystal, MN
 
Allstate Auto Insurance
(888) 355-7971
125 Twin Rivers Ct
Sartell, MN
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Allstate - Tom Baecker
(612) 217-4925
373 Pedersen St. Ste. 104
Saint Paul, MN
Description
Safe Drivers Save 45% or More. Call Your Local Allstate Agent Today. Quick and Easy!

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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