Do I need full coverage insurance if I lease or finance my car?

Yes, if you lease or finance your car, it is typically required to have full coverage insurance. This type of insurance provides protection for your vehicle in case of accidents, theft, or other unexpected events. It helps cover the cost of repairs or replacing your car if it is damaged. Without full coverage insurance, you could be responsible for paying for these expenses out of pocket. Make sure to check with your leasing or financing company to see their specific insurance requirements.

Posted by Alyssa DiCrasto

Alyssa uses her many years of experience writing about complex industries to research and create clear content that makes insurance easy to understand. She has been with Rate Retriever since its beginning, establishing our strict editorial policy and directing our comparison experience.

Leave a Reply

Your email address will not be published. Required fields are marked *