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.
Latest news and information
Farmers to cut auto insurance rates for some California customers Los Angeles Times The move, announced Tuesday, puts the company in compliance with a state law passed in 2006 that changed the way auto insurance providers could calculate ... Farmers to Lower Car Insurance Rates for Some California Policyholders Farmers Insurance to cut auto insurance rates in California Farmers Insurance agrees to 10% one-time rate cut for some auto insurance ... |
State Auto Financial Reports Second Quarter 2010 Results MarketWatch (press release) Additional information on State Auto Financial Corporation and the State Auto Insurance Companies can be found online at www.StateAuto.com. ... State Auto Financial posts wider-than-expected Q2 loss |
 TauNews.com (blog) | You Can Now Save Hundreds With Online Auto Insurance Quotes TauNews.com (blog) You can now save hundreds of dollars with affordable auto insurance quotes if you search them online. Consumers need ways to save money, as the economy is ... An Auto Insurance Comparison Online Will Save Time and Money Compare Auto Insurance Quotes Online- Cheap Car Insurance Rates- Very ... Auto Insurance…It Pays To Compare |
When Health Insurance is Not Health Insurance Times Square Chronicles The biggest recipients of these expenses: Workers Comp carriers and Auto Insurance carriers. Monday tends to be the largest claim day for Comp Claims, ... |
 Seer Press | It's an Uphill Battle for Younger Drivers in Search of Auto Insurance PR Newswire (press release) ... auto insurance companies may also ask for higher rates from younger drivers, a demographic with one unavoidable but incredibly important pre-existing ... Knowing the best of Auto Insurance Companies |
Safe Auto cuts 47 jobs Bizjournals.com Safe Auto Insurance Co. is cutting dozens of employees, largely from its calls centers, as it trims costs to adjust to weaker sales and changing customer ... SafeAuto lays off 20 in Ohio, 27 elsewhere SafeAuto lays off 47 employees, including eight in Columbus |
Travelers Have Easier Access to Mexico with Mexican Insurance Store Coverage PR Web (press release) Mexican Insurance Store.com has announced a new Mexican Auto Insurance policy that allows people who travel in Mexico and need to file a claim to finish the ... |
Insurance for product or service often bad deal San Francisco Chronicle Before you rent a car and pay for a collision damage waiver, check to see if your auto insurance policy will cover damage to the vehicle. ... Do you need 'add-on' car rental or travel insurance? No, says consumer group Consumer Group Says Title Insurance, Travel Insurance are Unnecessary, too ... |
Sask. damage claims over $100M following several severe storms Calgary Herald Saskatchewan Government Insurance is reporting about $77 million in property and auto insurance clams from storm-related damage to the end of last week. ... |
 socalTech.com | Progressive Insurance Automotive X PRIZE Concludes on Track Competition Events ... Sacramento Bee Progressive, founded in 1937, is one of the country's largest auto insurance groups and a leading insurer of motorcycles, recreation vehicles, boats, ... Fuel-Efficient Finalist Vehicles Announced for Auto X Prize Interview with Peter Diamandis, the X Prize Foundation, On The 100MPG Auto The last super-cars standing |
Google News