These insurance companies offer very good coverage and options in lease contracts. What you need to know to decide.
By law, all cars need to have insurance coverage, the basic one is known as liability, which allows you to keep your car registration valid with the DMV. Not having any type of coverage on a registered vehicle could result in high fines from the DMV and legal problems in the event of an accident.
Even if you have a car on lease for a few days, whatever the reason, you must have active car insurance.
In these cases, car leasing companies offer insurance packages that will help you cover the car while you use it. However, these packages may be higher than what they normally cost.
The best car insurance options with a lease
The most advisable thing is to go to the insurance agency directly and request a quote according to the car lease.
That’s why here we have put together some of the best options for car insurance companies with leases.
Allstate
If you get a car lease through Allstate, they can offer you a 25% discount if you are already a customer of the company. Allstate and Hertz have a special partnership that allows Allstate members to receive this incredible benefit.
Other offers and benefits you may have if your Allstate insurance plan has liability coverage, comprehensive coverage, or collision coverage.
Geico
Most private auto insurance policies through Geico will cover some of the costs of renting a vehicle. More importantly, the driver can extend the limits of his private auto insurance coverage to his lease car.
It is best to consult the details of your Geico policy to find out how much it costs to insure the auto lease per day with its coverage.
State Farm
If your primary vehicle is being repaired at the auto shop due to damage or other defective issues, then your State Farm policy will help you with the cost of leasing another vehicle until your car is delivered to you.
This is done through a rental reimbursement agreement found in most State Farm policies. Hertz may even offer lower lease rates if you are a State Farm customer.
