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Where do I start if I'm looking to get my own auto insurance for the first time on a leased car?
I have been on my parents' policy for the last four years. I am going to pick up my new lease tomorrow and I am ready to get my own insurance. Where do I start? How do I know I am getting the best price?
Shannon Martin · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
“Congratulations on your new car! Buying insurance for the first time can be intimidating, but it doesn’t have to be.
Since you are leasing the car, you will want to have the name and address of the leasing company; they will need to be listed on your insurance policy.
Leases also usually require
liability coverage
limits of 100/300/50, as well as comprehensive coverage
and collision coverage
with deductibles no greater than $1,000. This is standard, so any insurance carrier can meet these needs. If you’d rather leave the hard work of gathering quotes to someone else, use
Jerry
. This free app can collect quotes from up to 45 top insurance companies in seconds!
“View full answer
- Gregory R.
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