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Car Lease Insurance Vincennes IN

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.

J Masters Insurance Agency Inc - State Farm Insurance Agent
(812) 882-6537
511 Willow Street
Vincennes, IN
 
Horton- Vicky D - State Farm Insurance Agent
(812) 882-6465
300 North 5th Street
Vincennes, IN
 
L Knight Insurance Agency Inc - State Farm Insurance Agent
(812) 735-2781
209 North Main Street
Bicknell, IN
 
Don M Clements Ins Agcy Inc - State Farm Insurance Agent
(812) 254-6181
2108 State Street
Washington, IN
 
1st Security Insurance
(812) 875-3300
Highway 67 South
Washington, IN
 
Jones- Kelly D - State Farm Insurance Agent
(812) 882-2000
2617 North 6th Street
Vincennes, IN
 
Wagner- Edward L - State Farm Insurance Agent
(812) 886-9352
721 North 7th Street Ste A
Vincennes, IN
 
Knox County Insurance
(812) 735-3832
107 West 2nd Street
Bicknell, IN
 
Durnil- Jerry L
(812) 254-5565
110 E Main St
Washington, IN
 
Palmer Fred D State Farm Insurance CO
(812) 354-6038
612 East Main Street
Petersburg, IN
 

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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