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Car Lease Insurance Roswell NM

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
200 W 1st St
Roswell, NM
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
200 S Union Ave Ste A
Roswell, NM
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Michael J McKee Ins Agcy Inc - State Farm Insurance Agent
(505) 622-1668
1007 West McGaffey Street
Roswell, NM
 
McKee- Clyde D - State Farm Insurance Agent
(505) 622-1668
1007 West McGaffey Street
Roswell, NM
 
Jones Insurance Agency
(505) 623-2655
1904 S Main St
Roswell, NM
 
Allstate Auto Insurance
(888) 355-7971
2311 N Atkinson Ave
Roswell, NM
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Farmers Insurance Tina Dunlap
(505) 623-4686
1210 North Main Street
Roswell, NM
 
Farmers Insurance James Hutchinson
(505) 623-2006
500 North Main Street
Roswell, NM
 
George Gandy Insurance Services
(505) 622-2310
222 West 2nd Street
Roswell, NM
 
Atkinson- Herbert W - State Farm Insurance Agent
(505) 622-0010
110 West Country Club Road Ste 1
Roswell, NM
 

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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