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Auto Insurance and Leasing


Auto Insurance and Leasing

Auto Insurance and Leasing

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
lower rates.

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.

Categories: Auto
  1. jeerry cuebas
    March 7th, 2012 at 15:40 | #1

    Vehicle Leasing Contract Helps You To Have A Car For Cheap –

  2. vanda kregoliana

    Dawson – Columbus, OH – BMW Financial Services-Great Career for Collge Grads! BMW – - BECOME A PART OF A BRAND KNOWN ACROSS THE WORLD – - BMW Don’t miss an exciting opportunity to become part of one of the most recognized brands in the world. Dawson Resources in partnership with BMW Financial Services is now hiring. This is a perfect opportunity to advance in your career with one of the most highly respected, elite compa

  3. BeyondWrittenWords
    March 9th, 2012 at 22:00 | #3

    There was no foresight in this policy, as this bound to happen and will certainly happen again. The $75 should be an insurance premium. I can opt out of buying insurance it just means I assume the full cost should something happen. Figure out a number that will cover the FD expenses entirely and have that as an option when someone calls them. Practically all fires are due to carelessness, I’m not sure what your point is there.

  4. Psychobenzaprine
    March 10th, 2012 at 03:59 | #4

    1) The federal government does NOT require *anybody* to buy auto insurance.

    2) Some state governments require it, but *only* if you drive on state roads. You can drive unlicensed on your (or a friend's) own roads to your heart's content. Or you can just ride your bike everywhere like a hippie.

    3) Federally mandated health insurance is unconstitutional because the Constitution does not delegate that power to the federal government!

  5. My Business Wire News
    March 10th, 2012 at 06:43 | #5

    Prof services news: Fitch Affirms Chrysler Financial Auto Securitization Trust 2010-A; Outlook Revised to Positi…

  6. ELZORRO1210

    How would auto insurance work in a situation where u are traveling around the world?

  7. Tina F
    March 11th, 2012 at 07:44 | #7

    The owner of a lease car is (drum roll please) THE LEASING COMPANY.

    If your car is from Honda, it is probaly something like "HONDA CREDIT CORP" or "HONDA ACCEPTANCE CORP"

  8. GetAllJobs
    March 12th, 2012 at 03:37 | #8

    Enterprise Rent A Car – Minot, ND – More information about this job:Overview:Enterprise Rent-A-Car is the largest and fastest growing privately owned automotive rental and leasing company in the U.S. With over 7,000 branch offices worldwide, Enterprise ranks #1 in the Insurance Replacement Market with yearly revenues of over $10 billion. The Service Agent cleans vehicles inside and out (vehicles may be cleaned by hand or by operatin

  9. Affordable Auto Insurance
    March 12th, 2012 at 06:18 | #9

    British auto insurer AA unveils GPS tracked insurance policies for drivers –

  10. Twitter

    Aaron’s – Spanish Fort, AL – Basic Function Assisting the Customer Accounts Department in lease agreement renewal. Reporting Reports directly to the Customer Accounts Manager Primary ResponsibilitiesThe Acquisition and Maintenance of Customers Direct immediate contact with customers who have not renewed their Lease agreement(s) Act as a customer counselor who resells the benefits of timely lease agreement renewal payments Cle

  11. Twitter
    March 12th, 2012 at 14:48 | #11

    BMW Financial Services Partners with AutoNation — Offers Customers True Mobility Interaction Creating E…

  12. okanagan – Twitter Search

    Birmingham – Having seen a significant growth to become one of the largest insurance companies within Europe it comes as no surprise that the leading provider in commercial insurance is one of the UK’s success stories within this industry. Priding themselves on retaining clients on a long term basis and fully understanding their requirements has allowed them to focus on helping them achieve their business obje

  13. crazy coyote
    March 13th, 2012 at 08:12 | #13


    Really, is that what they did in the Russian revolution? Demonize insurance companies?

    Since we are talking about history and protecting big insurance, how do you think the founding fathers would have felt about the large insurance companies?

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