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Car Lease Insurance Texarkana AR

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
4303 Texas Blvd
Texarkana, TX
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
4115 N Kings Hwy
Texarkana, TX
Description
Safe Drivers Save 45% or more on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Rutledge Charles Tarleton
(870) 774-3491
3515 Jefferson Avenue
Texarkana, AR
 
New York Life Insurance CO
(870) 773-2396
514 North State Line Avenue
Texarkana, AR
 
Oubre- Mark W - State Farm Insurance Agent
(870) 772-2388
1305 Arkansas Boulevard Ste 101
Texarkana, AR
 
Allstate - Brian Purtle
(866) 607-4854
3301 Richmond Rd
Texarkana, TX
Description
Safe Drivers Save 45% or More. Call Your Local Allstate Agent Today. Quick and Easy!

Allstate Auto Insurance
(888) 355-7971
151 W Commerce St
Ashdown, AR
Description
Safe Drivers Save up to 20% on Auto Insurance. Call Allstate Now!
Phone Hours
SUN - SAT 12:00AM - 12:00AM

Hill John D
(870) 774-3491
3515 Jefferson Avenue
Texarkana, AR
 
Cogbill Stacy
(870) 774-3491
3515 Jefferson Avenue
Texarkana, AR
 
New York Life Insurance Company
(870) 772-2468
8000 State Line Plaza
Texarkana, AR
 

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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