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Car Lease Insurance Sioux Falls 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
824 E 41st St
Sioux Falls, SD
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Prins Insurance Incorporated
(605) 332-5300
5517 North Cliff Avenue
Sioux Falls, SD
 
American Family Insurance Jeffrey Wilber
(605) 331-3001
1808 South Southeastern Avenue
Sioux Falls, SD
 
Durnil- Jason L
(605) 332-1278
1708 W 41st St
Sioux Falls, SD
 
Boen & Associates- Incorporated
(605) 336-0425
307 West 41st Street Post Office Box 89010
Sioux Falls, SD
 
Allstate Auto Insurance
(888) 355-7971
6009 W 41st St
Sioux Falls, SD
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Bechtel David & Don Insurance
(605) 336-6227
232 East 12th Street
Sioux Falls, SD
 
Arndt- Ronald C
(605) 339-4224
603 W 41st St
Sioux Falls, SD
 
Hartzell- Marlene Kay - State Farm Insurance Agent
(605) 332-7857
3015 East 10th Street
Sioux Falls, SD
 
Farmers Insurance Group
(605) 275-4105
3300 East 26th Street
Sioux Falls, 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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