Will car insurance be more expensive for a leased car?Generally, the premiums would be the same for the same coverages. Most lessors require a minimum of 100,000/300,000/50,000 Liability limits and $500 Deductible Comprehensive and Collision coverage. IIRC, Ford Motor Co leases were an exception in requiring only 25/50/25 Liability limits - I don't know if they still do. Personally, I don't care to skimp on Liability coverage (and Uninsured and Underinsured Motorist coverage), and 100/300/50 limits would be far lower limits than I currently carry, so the insurance wouldn't cost me any more, unless I got into a jam with my driving record and had to reduce coverage to afford it. Also, when people turn much past 65-68 years of age, their auto insurance premiums start to increase fairly significantly, so you could find yourself with fewer alternatives with a leased vehicle. Lenders generally don't care what, if any, Liability coverage you carry, as they're not an owner of the vehicle, as lessors are, so they have no liability exposure, as owners/lessors do.Bob
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