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Car Lease Insurance Tarboro NC

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
1003 Goldrock Rd
Rocky Mount, NC
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

McFadyen George
(252) 823-1000
2008 North Main Street
Tarboro, NC
 
Nationwide Insurance
(252) 454-0001
109 North Fairview Road
Rocky Mount, NC
 
Parks Insurance Agency
(252) 454-0001
109 North Fairview Road
Rocky Mount, NC
 
Cheney Jr- Richard C
(252) 443-7447
534 S Wesleyan Blvd
Rocky Mount, NC
 
Allstate Auto Insurance
(888) 355-7971
206 W 14th St Ste B
Greenville, NC
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Nationwide Insurance Companies
(252) 823-5556
2109 Saint Andrew Street Suite F
Tarboro, NC
 
New Vision Auto Glass & Mirror
(252) 442-6209
Route 2 Box 381 Antioch Road
Rocky Mount, NC
 
Bottoms Insurance Service
(252) 446-1236
202 Rose Street
Rocky Mount, NC
 
M. Gregory Parker Agency
(252) 446-1119
1400 S Church St
Rocky Mount, NC
 

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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