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Car Lease Insurance Reno NV

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
1055 W Moana Ln
Reno, NV
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Whitney Rich New York Life Insurance Company
(775) 325-2210
50 West Liberty Street Suite 500
Reno, NV
 
Bentley Jr- Robert R
(775) 786-0888
248 E Liberty St
Reno, NV
 
Liberty Mutual Group - Elko
(775) 329-3930
790 Keystone Avenue
Reno, NV
 
Cheryl Latham Ins Agcy Inc - State Farm Insurance Agent
(775) 327-4000
9740 South McCarran Boulevard
Reno, NV
 
Allstate Auto Insurance
(888) 355-7971
500 Damonte Ranch Pkwy
Reno, NV
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

State Farm Insurance Companies - Reno Auto Claims
(775) 858-5984
770 North McCarran Boulevard
Reno, NV
 
Leuenhagen- Timothy L - State Farm Insurance Agent
(775) 359-2100
2900 Clear Acre Lane Ste M
Reno, NV
 
West David B Farmers Insurance
(775) 332-0625
2875 Northtowne Lane Suite H
Reno, NV
 
Anthem Blue Cross & Blue Shield - HMO Nevada Group Sales
(775) 448-4046
5250 South Virginia Street Suite 100
Reno, NV
 

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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