If you want to lease a car, rather than buy it outright, you will need to purchase some special protection known as car lease insurance. This type of insurance is specifically designed to cover you in the case of an auto accident in your leased car, as you may not be fully protected by your general car insurance. You may be required to take out a fully comprehensive insurance with your car lease company before you even move off of the parking lot. This type of protection can be taken out when you get the vehicle, or your deal may have car lease insurance included as part of the agreement. As with any other kind of insurance, there are plenty of different options which may affect how much you have to pay for the this type of car lease insurance.
The more modern your car or car design is, then the more likely you are to be able to get money off of the total cost of your insurance. Most car lease insurance requirements mandate that the car is properly locked every time you get out of it, and the steering wheel suitably disabled. Other factors which might help you to get cheaper premiums include the safety features of the car, for example side impact bars. You will also have to pay different premiums on cars which have cheaper replacement parts.
On the other hand, cars which are more powerful and faster may cost you more to insure. This is for two reasons: you may be tempted to drive too quickly, which can result in an accident, and you may be the victim of crime, such as car jacking or automobile theft, inspired by the speed of the car. Cars which are less environmentally friendly may also have a higher insurance cost.
Different Types of Cars
You will also find that different types of cars carry certain insurance features themselves. For example, Nissan lease insurance will probably cost less than VW lease insurance, although there may be fluctuations between makes of vehicle. The more expensive the car, the more likely you are to have to pay more for the protection. A BMW lease insurance deal will be much more than a Toyota lease insurance arrangement. You will have to work out what kind of insurance you can expect from your car before you make the commitment to lease it.
Different Lease Insurance
In addition to all of these features, you may also find that you will have to pay for a range of different protections, depending upon the reasons for the lease. If you want car lease gap insurance, for example, this will probably cost you more than standard car insurance. Before you settle for an arrangement with your car leasing company, consider shopping around for cheaper deals which will provide the same levels of coverage.