Is insurance included when you lease a car?
Insurance is not included when you lease a car, but it is required. Odds are the car insurance being offered with your lease is simply an additional “convenience” option provided by the leasing company. You will find better auto insurance rates when you comparison shop online. Enter your ZIP code below for free leased car insurance quotes.
Free Insurance Comparison
Compare Quotes From Top Companies and Save
Secured with SHA-256 Encryption
UPDATED: Jul 19, 2021
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 are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider. Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life 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.