Find a Cheap Lease Car Deal Online

Collision And Comprehensive Coverage For Your Leased Car

November 19th, 2008

Reader’s Question:

I have a leased car in Texas and I would like to know what is the minimum liability auto insurance that is required for leased vehicles.

Pat

Houston TX

Since you are leasing a vehicle you will be be required to buy more insurance than what your state mandates. They will likely require that you get the physical damage coverage of collision and comprehensive coverage. Generally, collision insurance coverage covers damage to your vehicle caused by collision with another car or object. Comprehensive insurance on the other hand covers damage to your car from vandalism, glass breakage or theft. Most leasing company require physical damage coverage if you are leasing your automobile. You may also be required to carry a large limits of bodily injury liability and large limits of property damage liability.

Entry Filed under: Car lease financing