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new car insurance for leased cars in California

New Car Insurance for Leased Cars in California: Everything You Need to Know

new car insurance for leased cars in California

Leasing a car in California can be a great way to get a new car without having to pay the full price upfront. But when it comes to car insurance, there are some important things to consider. In this article, we’ll discuss the different types of car insurance available for leased cars in California, the coverage requirements, and how to find the best policy for your needs.

Types of Car Insurance for Leased Cars in California

When it comes to car insurance for leased cars in California, there are two main types of coverage: liability and comprehensive. Liability coverage is required by law and covers any damage you cause to another person’s property or person. Comprehensive coverage is optional and covers damage to your own vehicle, regardless of who is at fault.

Liability Insurance

Liability insurance is required by law in California and covers any damage you cause to another person’s property or person. It is important to note that liability insurance does not cover damage to your own vehicle. The minimum liability coverage required in California is $15,000 per person and $30,000 per accident for bodily injury, and $5,000 for property damage.

Comprehensive Insurance

Comprehensive insurance is optional and covers damage to your own vehicle, regardless of who is at fault. This type of coverage is often referred to as “full coverage” and can include things like theft, vandalism, and natural disasters. Comprehensive coverage is typically more expensive than liability coverage, but it can provide peace of mind in the event of an accident or other unexpected event.

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Coverage Requirements for Leased Cars in California

When it comes to car insurance for leased cars in California, the coverage requirements are the same as for any other vehicle. The minimum liability coverage required in California is $15,000 per person and $30,000 per accident for bodily injury, and $5,000 for property damage. Additionally, the leasing company may require you to purchase comprehensive coverage in order to lease the vehicle.

How to Find the Best Car Insurance for Leased Cars in California

Finding the best car insurance for leased cars in California can be a daunting task. The best way to start is by comparing quotes from multiple insurance companies. Be sure to compare the coverage limits, deductibles, and discounts offered by each company. Additionally, it’s important to read the fine print and make sure you understand the terms and conditions of the policy.

It’s also a good idea to speak with an insurance agent who can help you find the best policy for your needs. An agent can answer any questions you have and provide valuable advice on the best coverage for your situation.

FAQs

  • What is the minimum liability coverage required for leased cars in California?
    The minimum liability coverage required in California is $15,000 per person and $30,000 per accident for bodily injury, and $5,000 for property damage.
  • Do I need comprehensive coverage for a leased car in California?
    Comprehensive coverage is optional, but the leasing company may require you to purchase it in order to lease the vehicle.
  • How can I find the best car insurance for leased cars in California?
    The best way to find the best car insurance for leased cars in California is to compare quotes from multiple insurance companies. Be sure to read the fine print and speak with an insurance agent who can help you find the best policy for your needs.

Conclusion

Leasing a car in California can be a great way to get a new car without having to pay the full price upfront. But when it comes to car insurance, there are some important things to consider. Liability insurance is required by law and covers any damage you cause to another person’s property or person. Comprehensive coverage is optional and covers damage to your own vehicle, regardless of who is at fault. When shopping for car insurance for leased cars in California, it’s important to compare quotes from multiple insurance companies and read the fine print. Additionally, speaking with an insurance agent can help you find the best policy for your needs.

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