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
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.
How much automobile insurance should you carry?
The primary reason to buy automobile insurance, both liability and uninsured motorist coverage is to protect yourself and your assets. Your insurance company will never pay more in damages to you or to a person you negligently injure than the dollar amount of the coverage you paid for no matter how high a verdict there may be either against you or for you. >> see more detail
How to Find Affordable Car Insurance
It's becoming increasingly difficult to find a car insurance policy that is affordable enough and provides enough coverage. However, if you do your research properly, you'll definitely find the insurance that'll be just right for you. You will have to put in some effort though: canvassing, weighing the options, weighing protection as well as affordability. >> see more detail
What Should You Look Out For When Getting Cheap Auto Insurance?
When shopping for auto insurance, it is important that you seek out the best deals for your money. Many are under the impression that car insurance rates are determined by the overall quality of the automobile insurance that is provided. However, there are many companies out there that offer cheap auto insurance and offer quality benefits, and services. Here, you will be introduced to a few things that you should look out for when it comes to getting cheap auto insurance. >> see more detail
Does Car Insurance Cover Breakdowns?
Previously, if you wanted a decent breakdown policy you would have to take out an exclusive deal with one of the country's leading providers - such as the AA, RAC or Greenflag. However, now many car insurance companies offer breakdown cover as an add-on to their policies. Some insurers offer breakdown cover as an optional extra whereas others will include it as standard. If it is available as an extra then its worth using a comparison website to see how much it is adding to your policy >> see more detail