Do I need collision insurance if I lease or finance my car?
If you lease or finance your car, your lender may require collision insurance. This type of insurance can help cover the cost of repairs or replacement if your car is damaged in a collision. Since you do not fully own the car, the leasing or financing company may require collision insurance to protect their investment. It is important to carefully review your agreement and consult with your insurance provider to determine the necessary coverage for your specific situation.
