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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Home & Legacy

Home & Legacy is one of the leading providers of high net worth insurance in the UK. We offer a range of home, motor and landlord insurance policies, as well as worldwide travel and building works insurance. Home & Legacy works with a panel of leading insurers to underwrite our policies. This helps us cover even bespoke and unusual risks and keep our prices competitive.

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