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Car Lease Insurance South Portland ME

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 - Amy Alward
(207) 209-2161
95 Ocean St.
Portland, ME
Description
Safe Drivers Save 45% or More. Call Your Local Allstate Agent Today. Quick and Easy!

Allstate Auto Insurance
(888) 355-7971
1085 Brighton Ave
Portland, ME
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Anthem Blue Cross and Blue Shield - Managed Care Member Service
(207) 822-8282
2 Gannett Drive
South Portland, ME
 
Diane Newman Ins Agcy Inc
(207) 773-2080
1041 Brighton Ave
Portland, ME
 
Daniel T Haley Jr Agency
(207) 774-2617
21 1/2 Eastern Promenade
Portland, ME
 
Allstate Auto Insurance
(888) 355-7971
75 John Roberts RD Bldg A
South Portland, ME
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
31 Lewiston Rd
Gray, ME
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Marsh Agency
(207) 772-2818
560 Brighton Avenue
Portland, ME
 
Allstate Insurance - Amy Alward
(207) 767-3334
95 Ocean St
Portland, ME
 
Flaherty John Insurance Agency
(207) 774-3565
897 Brighton Avenue
Portland, ME
 

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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