Car Leasing With Insurance

Descubra los descuentos y beneficios con el Programa de Seguros para automóviles de AARP de The Hartford.

What You Need to Know About Lease Insurance

Lease insuranceIf you lease a vehicle, you’ll need more seguro para autos than if you buy a car. For instance, leasing companies may require that you carry gap insurance. This is coverage that you may not need if you purchase a car yourself.
However, most states require that leased and owned cars have liability coverage, comprehensive insurance and collision protection.

Leasing vs. Financing a Car

What Is the Difference Between Leasing and Financing a Car?

Lease vs finance carThere are pros and cons to buying a car or leasing one. Deciding which one is best can be tough, especially if you’re not sure which will help you save money. The difference between the two is simple:
  • Leasing a car means you’re signing an agreement to pay a monthly rate to drive the vehicle, but you’re not going to own it eventually. It’s essentially renting a car from the dealership.
  • Buying a car means you’ll take out a loan and pay it off to own the automobile. You can also pay for the car in full at any time.
To help you decide if you should get a car loan or sign up for lease payments, consider the benefits and drawbacks to each:
  • Low monthly payments
  • No need to worry about depreciation
  • You can easily stay in a new car
  • Mileage restrictions
  • Fees for extra wear and tear
  • Lease termination fees
  • Gaining ownership over time
  • No mileage limits
  • Ability to sell it at any time
  • Fluctuating resale costs
  • Higher monthly payments
  • Maintenance costs

Is It More Expensive to Insure a Leased Car?

Although state auto insurance requirements are the same for owned or leased vehicles, some leasing companies may want you to have higher limits for protection. These companies may also require additional coverages that go beyond what your state requires. This can make the insurance cost more for leased vehicles. 

Leased Car Insurance Requirements

Lease car insurance requirementsStates require bodily injury liability insurance y property damage liability insurance at certain coverage limits. So, before you buy your auto policies, you’ll want to check to see what you’ll need in your area to follow the right laws.

What Type of Insurance Do You Need For a Lease?

Most leasing companies will require more car insurance than the state liability insurance minimums. They’ll also want you to have:
  • Cobertura por colisión, which pays for damages to your vehicle from another car or object.
  • Cobertura integral to help protect your car from damages you can’t control like fire, hail, wind, theft, vandalism or hitting a deer.
  • Gap insurance, which will protect you if your car is totaled when you owe more money on the lease or loan than the car is currently worth.
To learn more about what your state requires for liability coverage and other auto insurance coverages, you can speak with The Hartford’s representatives at 888-413-8970. They’ll make sure you understand how much car insurance you need and that you get enough protection to cover what your car is worth.

Gap Insurance for a Leased Car

Gap insurance lease carYour auto insurance helps pay for damages or replacing your vehicle based on your actual cash value (ACV). Gap insurance coverages help pay for the difference between your car’s ACV and the amount you still owe on the loan if it’s stolen or totaled. Most leases require you to have this insurance.
To learn more about how much buying gap insurance costs, buy car insurance online.

Common Questions About Car Leasing and Insurance

Do You Have to Have Full Coverage to Lease a Car?

Most leasing companies require you to have full auto insurance coverage before you start driving their cars. This also follows the majority of state laws. To learn more about the policies you’ll need for full coverage car insurance, call your insurance company. They can walk you through each policy you need, like bodily injury and property damage liability insurance.

Is Insurance Included in a Leased Car?

Your leasing company may include gap coverage and add the cost into your monthly payments. The best way to find out if your leasing company includes auto coverage is to ask them directly. Most don’t offer essential coverages like liability insurance, so you’ll need to get these separately.

How Much More Is Insurance on a Leased Car?

The amount that you pay for insurance on your leased car will depend on a variety of factors, like your:
  • Leasing company’s requirements 
  • Estado
  • Car type
In general, most leasing companies have higher coverage limits. This, combined with other factors, can make leasing a vehicle more expensive than buying one.

Do Lease Cars Need Gap Insurance?

Most leasing companies want you to have gap insurance. That’s why many of them will automatically include it in your monthly payments.

Get a Quote for Lease Insurance

To learn more about the coverage you need for your leased or financed vehicle, get a cotización de seguro para autos from the AARP® Auto Insurance Program from The Hartford1 today. You can also call The Hartford’s specialists at 888-413-8970.
Última actualización: 21 de septiembre de 2023
Divulgaciones adicionales a continuación.
Los resúmenes de las coberturas y las características de las pólizas son únicamente para fines informativos. En caso de que se produzca una pérdida, los términos y condiciones reales establecidos en su póliza determinarán su cobertura.
AARP y sus afiliadas no son aseguradoras. Endoso pagado. The Hartford paga regalías a AARP por el uso de su propiedad intelectual. Estos cargos se utilizan para los fines generales de AARP. En la mayoría de los estados, es necesario ser miembro de AARP para ser elegible para participar en el Programa.
El programa de seguros para automóviles de AARP de The Hartford está respaldado por Hartford Fire Insurance Company y sus afiliados, One Hartford Plaza, Hartford, CT 06155. Está avalado en AZ, MI y MN por Hartford Insurance Company of the Southeast; en CA por Hartford Underwriters Insurance Company; en WA por Hartford Casualty Insurance Company; en MA por Trumbull Insurance Company; y en PA por Nutmeg Insurance Company y Twin City Fire Insurance Company. El programa de seguros para viviendas de AARP de he Hartford está respaldado por Hartford Fire Insurance Company y sus afiliados, One Hartford Plaza, Hartford, CT 06155. Está subscrito en AZ, MI y MN por Hartford Insurance Company of the Southeast; en CA por Property and Casualty Insurance Company of Hartford; en WA por Trumbull Insurance Company; en MA por Trumbull Insurance Company, Sentinel Insurance Company, Hartford Insurance Company of the Midwest, y Hartford Accident and Indemnity Company; y en PA por Nutmeg Insurance Company. El producto para viviendas no está disponible en todas las áreas, entre las que se incluye el estado de Florida. Los ahorros, los beneficios y las coberturas disponibles pueden variar y es posible que algunos solicitantes no sean elegibles. El programa no está actualmente disponible en Canadá, ni en los territorios o posesiones de Estados Unidos.
1 En Texas, el programa para automóviles está respaldado por Redpoint County Mutual Insurance Company a través de Hartford of the Southeast General Agency, Inc. Hartford Fire Insurance Company y sus afiliados no son responsables financieramente por los productos de seguros suscritos y emitidos por Redpoint County Mutual Insurance Company. El programa para viviendas está respaldado por Hartford Insurance Company of the Southeast.
* Los comentarios de los clientes son recolectados y tabulados por The Hartford y no representan a todos los clientes.