Auto Insurance and Leasing
 
Auto Insurance and Leasing

When leasing a car, it's easier to stick with the same company for your
auto insurance. What you don't know, however, is that you may end up
paying too much for your coverage and it's better to look elsewhere for
lower rates.

When you lease, the vehicle that you will drive belongs to the leasing
company. They want to make sure that their investment is covered in the
event the vehicle gets damaged, totalled or stolen. They typically want
to get covered for the difference between what your auto-insurer pays and
your outstanding leasing obligations at the time of the accident or
damage. This is called GAP, short for Guaranteed Auto Protection, and is
usually included in the leasing contract.
If your leasing company is called BMW Financial Services, Chrysler
Financial or any other finance division of an automaker, then chances are
your GAP insurance will be offered by the same lease company.

You are under no obligation to accept GAP insurance included as part of
your lease agreement. Why pay an insurance premium if you could get the
same coverage for a lower price?
Invest some time shopping by comparing quotes from other insurance
companies, including your existing one. Ask for discounts that you already
qualify for and adjust your coverage accordingly.

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Articles
Auto Insurance and Leasing

Auto Leasing Scams

Benefits of leasing

Buy a car at the end of your lease

Buy or Lease?

Dealer Leasing Tricks

Fees involved in leasing

Go green and save on your lease

How to avoid extra costs at the end of your lease

How to calculate your lease payment

How to get out of a lease before your contract expires

How to lease a new car?

How to spot a good car lease

Independent Car lease companies

Lease Financing

Lease Trading

Leasing and your credit score

Leasing Glossary

Leasing used cars explained

Leasing with bad credit

Luxury Cars and Resale Values

Single-Payment Lease

The residual value of leasing

Using lease calculators

 

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This site is a common sense guide to Auto Insurance and Leasing. In practical advice websites, like anything else in life, there are no guarantees of income made. Readers are cautioned to reply on their own judgment about their individual circumstances to act accordingly.

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