Auto Leasing Guide
Go to LeaseGuide.com now !

Car Lease Insurance Watertown WI

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.

Mitchell- Kevin L - State Farm Insurance Agent
(920) 261-1935
13 East Main Street
Watertown, WI
 
Cooper- Phillip S - State Farm Insurance Agent
(920) 206-0483
1724 South Church Street Ste M
Watertown, WI
 
Zempel- Daniel R
(920) 648-2238
120 S Main St
Lake Mills, WI
 
Snyder Insurance Agency Inc
(262) 567-0288
100 South Main Street
Oconomowoc, WI
 
Edwards- William J - State Farm Insurance Agent
(262) 567-3443
220 South Silver Lake Street
Oconomowoc, WI
 
Zindars Ken Insurance Agency
(920) 261-3334
210 West Main Street
Watertown, WI
 
Baker Daniel J
(920) 261-3414
1724 S Church St
Watertown, WI
 
Thompson- Hugh R - State Farm Insurance Agent
(262) 567-5405
117 North Thompson Street
Oconomowoc, WI
 
Kleiner Insurance Agency
(262) 560-9500
N2606 Huebner Rd
Oconomowoc, WI
 
Felth- Eric S - State Farm Insurance Agent
(920) 674-2626
229 South Main Street
Jefferson, WI
 

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 ...

Click here to read the rest of this article from Lease Guide