Which party pays for damage on a leased car?

I got into an accident in my leased car. Who pays for the damage?

Answer
Sorry to hear you were in an accident!
If the other party was at fault in your accident, their insurance company should cover the damage to your vehicle.
However, if you’re the at-fault party, your insurance will need to cover the damage. As a stipulation of your lease contract, you’re required to have full coverage car insurance, which will include comprehensive and collision coverage. This should cover the damage incurred as a result of the accident.
Be aware that your rates may rise as a result of the accident. If you want to find lower insurance costs, consider shopping around with Jerry. Jerry is an insurance broker app that will compare rates from up to 50 providers, so you get the coverage you need at the price you want.
Eric Schad
Answered on Oct 29, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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