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Car Lease Insurance Rapid City SD

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
822 Main St
Rapid City, SD
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Andrew A Ainslie Ins Agcy Inc - State Farm Insurance Agent
(605) 348-3338
2720 West Main Street Ste 1
Rapid City, SD
 
Matthew D McCormick Ins Ag Inc - State Farm Insurance Agent
(605) 348-0464
1375 North Lacrosse Street Ste 2
Rapid City, SD
 
Mike Tysdal Ins Agcy Inc - State Farm Insurance Agent
(605) 342-1827
803 Saint Joseph Street
Rapid City, SD
 
Geico Insurance
(605) 923-4905
220 Frontage Rd
Box Elder, SD
 
Shobe Insurance Agency Inc - State Farm Insurance Agent
(605) 348-0467
2144 Jackson Boulevard Ste 1
Rapid City, SD
 
Alexander- Rodney J - State Farm Insurance Agent
(605) 348-0800
27 B Baken Park Shopping Centre
Rapid City, SD
 
State Farm Insurance
(605) 248-0800
27 Baken Park Shopping
Rapid City, SD
 
Carlson- Scott A
(605) 342-0188
1375 N Lacrosse St
Rapid City, SD
 
Brown- William H - State Farm Insurance Agent
(605) 348-2525
527 Kansas City Street
Rapid City, SD
 

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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