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Car Lease Insurance Waterville 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.

Fortier John M
(207) 873-1101
16 Silver St
Waterville, ME
 
Tudela- Darrell N - State Farm Insurance Agent
(207) 873-2744
121 Benton Avenue
Winslow, ME
 
Allstate Insurance - Andy Perry
(207) 623-1394
59 Bangor Street
Augusta, ME
 
Allstate Insurance CO
(207) 634-4747
63 Madison Road
Norridgewock, ME
 
Fairfields Insurance
(207) 622-5000
4 Wabon St
Augusta, ME
 
Ruff- Rebecca - State Farm Insurance Agent
(207) 872-0999
341 Main Street
Waterville, ME
 
Burgess & Lawry
(207) 872-5571
148 Main St
Fairfield, ME
 
Quirion Insurance Agency
(207) 622-6784
10 Amherst Street
Augusta, ME
 
Woodruff- Deanna H - State Farm Insurance Agent
(207) 622-6383
86 Western Avenue
Augusta, ME
 
Keller- Dennis R - State Farm Insurance Agent
(207) 623-3344
30 Bangor Street
Augusta, 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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