Leased Auto Insurance Georgia GA
Reader’s Question:
If I lease a car in Georgia, will I still be required to buy auto insurance even though its not my own?
Johnny
Savannah, GA
Nice question, Johnny
When you lease a car, the car dealer usually requires you to diligently use the car. So what they do, they usually require you to buy the highest protection of auto insurance which is the comprehensive coverage. Yes, the car may not be your own, but when the car is in your possession, it becomes your responsibility for whatever happens to the car. To protect you from expenses in the repair of the car during accidents or unforeseen events that caused damage to the car, the auto insurance will come in handy. So in essence, it is actually your benefit if you comply with the requirement in Georgia and buy comprehensive auto insurance for the leased car. This way, you will not find it hard to personally pay for the damages during accidents.
The comprehensive coverage of auto insurance protects the car from damages due to natural disaster plus collision and liability protection. It even protects the car against theft and vandalism.
To clarify what specific coverage is needed for auto insurance in your leased car, ask the car dealer or bank what they require. Again, it is for your own good that you meet the auto insurance requirement as this does not only protect the car against damages. It’s also for your own benefit that you have financial back-up when the leased car gets damaged under your possession.
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