How to Insure a Leased Car Affordably

| April 4, 2019

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Leased vehicles need full coverage. It is common for the leasing company to require comprehensive coverage on these cars. This can increase the premium costs to you. However, this type of auto insurance minimizes their risks. It also helps protect you in the case of an accident. Does that mean you have to spend a lot of money? There could be ways to save money when insuring a leased car. Here are some tips! Know What the Requirements Are. Speak to your auto insurance agent and the leasing agent to clarify this information. What is most important is protecting the value of the car. There are not benefits to insuring a vehicle for over its current worth, in most cases. Be sure you are purchasing just enough coverage based on the value. Nearly all leasing companies will require drivers to have collision insurance and comprehensive auto insurance. You must meet at least the minimum requirement for liability insurance in your state. However, it may be best to increase liability insurance levels to match your area’s risk levels. Your agent can help you.

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Unum

Unum is a company of people serving people. A Fortune 500 company, Unum is a market leader in disability, group life, and voluntary benefits. Our products and services meet the needs of a diverse workforce that includes four generations, growing ethnic diversity and changing family dynamics.

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