Automobile Insurance
Required Insurance Coverage for Leased Autos
You will not have much of a choice when it comes to deductibles and liability limits on a leased vehicle. Leasing companies permit certain maximum deductibles and require minimum liability limits on their vehicles. The typical requirements are as follows, but may differ among leasing companies:
- Liability coverage. Minimum $100,000/$300,000/$500,000
- Collision deductible. Between $250 and $500
- Comprehensive deductible. Between $250 and $500
Also, be aware that insurance premiums are your responsibility and are not included in the monthly lease payment. Check your lease agreement for the insurance requirements that apply to you.
Share Article:
| Not FDIC Insured | Not Bank Guaranteed | May Lose Value |
| Not a Bank Deposit | Not Insured by Any Federal Government Agency | |
Meeting with NHTrust team is without obligation or cost.
NHTrust is a trade name of New Hampshire Trust Company. Brokerage services are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Investment and insurance products are subject to investment risk, including the possible loss of value. Products and services made available through Osaic Institutions are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. Osaic Institutions and NHTrust not affiliated.
