Auto Leasing Guide
Go to LeaseGuide.com now !

Car Lease Insurance Oskaloosa 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.

Richards- Pat
(641) 673-0088
309 1st Ave E
Oskaloosa, IA
 
Heil Insurance Agency Inc
(641) 673-6143
801 A Avenue East
Oskaloosa, IA
 
State Farm Insurance - Randy Walston Agent
(641) 673-5395
1002 South 11th Street
Oskaloosa, IA
 
State Farm Insurance Office
(641) 932-7612
6677 201st Street
Albia, IA
 
Schiebout- Francis G - State Farm Insurance Agent
(641) 628-2239
713 Franklin Street
Pella, IA
 
Walston- Randall L
(641) 673-4462
301 N 1st St
Oskaloosa, IA
 
Dixon- Gary L - State Farm Insurance Agent
(641) 672-2160
1000 South 11th Street
Oskaloosa, IA
 
Bussey Insurance Service
(641) 944-5313
404 Merrill Street
Bussey, IA
 
Chapman- James E
(641) 932-7950
3 Benton Ave E
Albia, IA
 
Cook & Son Agency Inc
(641) 628-4904
729 Franklin Street
Pella, 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 ...

Click here to read the rest of this article from Lease Guide