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Car Lease Insurance Rutland VT

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.

Decandio- Kenneth
(802) 747-7975
56 Allen St
Rutland, VT
 
Rabideau Agency
(802) 775-1628
40 Woodstock Ave
Rutland, VT
 
Ernest C Soto Ins Agcy Inc - State Farm Insurance Agent
(802) 747-7283
82 Woodstock Avenue
Rutland, VT
 
Allstate Insurance Companies
(802) 775-1609
240 South Main Street
Rutland, VT
 
Poulos Insurance Inc
(802) 287-2324
74 Depot St
Poultney, VT
 
Egan & Nelson Agency
(802) 773-0368
24 1/2 Center Street
Rutland, VT
 
Donald E. Steere Agency
(802) 775-2746
607 U S Route 4 East
Rutland, VT
 
Ross Insurance and Company
(802) 775-4477
191 Pearl Street
Rutland, VT
 
Mid Vermont Ins Agcy Inc
(802) 287-2324
74 Depot St
Poultney, VT
 
Hanford R. Davis Agency
(802) 247-3013
24 Park St
Brandon, VT
 

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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