Automobile insurance and Leasing

When procurment a car, it's better to stick to the same company for your auto insurance. What you how to start, however, is that you may conclude paying too much for your coverage and it's far better to look anywhere else forlower rates.

When you lease, the vehicle that you'll drive belongs to the leasing company. They want to be sure that their investment is covered in case the vehicle gets damaged, totalled or stolen. They typically want to get covered for the between what your auto-insurer pays andyour spectacular leasing obligations at the time of the crash or damage. This is called GAP, short for Guaranteed Auto Protection, and is usually as part of the procurment contract.

If your renting company is called THE BMW Finance, Chrysler Financial or any other finance split of an automaker, then chances are your DISTANCE insurance will be proposed by the same lease company.

You are under no obligation to accept SPACE insurance included as part of your lease contract. Why pay an insurance premium if you could get the same coverage for a reduced price?

Spend some time shopping by comparing quotes from other insurance
companies, including your existing one. Ask for discounts that you already qualify for and modify your coverage accordingly.