Is Insurance Included When You Lease a Car?
FREE Car Insurance Comparison
Compare quotes from the top car insurance companies and save!
Secured with SHA-256 Encryption
UPDATED: Mar 13, 2020
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn't influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
Insurance Q&A: “Is insurance included when you lease a car?”
If the leasing company you’ve decided to go with is including car insurance as part of the lease agreement, don’t sign it!
Odds are the car insurance you’re being offered is simply an additional “convenience” option provided by the car leasing company.
It is the same convenience that leads to the purchase of a $6 gallon of milk from the local gas station.
Or how about the convenience of the $14 cheeseburger you’re eating at the airport while reading this post, or the $7.00 per gallon gas for the convenience of not having to re-fill the gas tank when returning your rental car?
Are you picking up on what we’re getting at here?
Insurance for a leased vehicle can already be more expensive than if you purchase the car outright, so it’s best to shop around.
Utilize Your Options
This is the best way to ensure you get appropriate coverage for the most cost effective insurance premium.
Your agent can fax the proof of insurance over to the leasing company in real time and get you on your way, likely at half the cost of the leasing company’s insurance policy offerings.
It is also likely much cheaper than the same coverage offered by the leasing company.