Car Lease Insurance Somerton AZ
Allstate Auto Insurance
11611 S Foothills Blvd
Safe Drivers Save up to 20% on Auto Insurance. Call Allstate Now!
SUN - SAT 12:00AM - 12:00AM
Alpha Insurance Agency
480 West 16th Street
Nuetzi- Cathy - State Farm Insurance Agent
2896 S Avenue B Ste B
Farmers Insurance Keith Knappen Agent
900 West 8th Street
900 West 8th Street
Bostic- Eugene V - State Farm Insurance Agent
408 East 16th Street Ste A
Herrera- Zeke M - State Farm Insurance Agent
2811 South 4th Avenue Ste C
Valenzuela- Henry Pino
3007 S Avenue B Ste A
Blitz- Howard J - State Farm Insurance Agent
2435 South 8th Avenue
PrePaid Legal Services-Inc.
2405 South 6th Avenue
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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