
Published:Mon, 20 Jun 2011 00:06:22 -0700
Drivers must now insure their cars even if theyre not using them, according to new laws which come into force today (20 June).......
Published:Fri, 17 Jun 2011 08:58:00 -0700
MANCHESTER, England--(BUSINESSWIRE)-- If you want car insurance with an environmental conscience you should check out the green credentials of your insurance company, according to......
Published:Tue, 14 Jun 2011 10:05:37 -0700
A car insurance crisis is spreading like a brushfire across several U.S. states. Whats to blame? Flawed no-fault auto insurance systems, industry experts say.......
Published:Sun, 19 Jun 2011 06:00:47 -0700
Does your pet need car insurance?......
Published:Fri, 17 Jun 2011 08:58:00 -0700
MANCHESTER, England--(BUSINESSWIRE)-- Checking you have suitable car insurance cover is critical when it comes to driving abroad, according to The Co-operative Group. There are al......
Auto Insurance and Leasing
When leasing a car, its easier to stick with the same company for your
auto insurance. What you dont know, however, is that you may end up
paying too much for your coverage and its better to look elsewhere for
lower rates.
When you lease, the vehicle that you will drive belongs to the leasing
company. They want to make sure that their investment is covered in the
event the vehicle gets damaged, totalled or stolen. They typically want
to get covered for the difference between what your auto-insurer pays and
your outstanding leasing obligations at the time of the accident or
damage. This is called GAP, short for Guaranteed Auto Protection, and is
usually included in the leasing contract.
If your leasing company is called BMW Financial Services, Chrysler
Financial or any other finance division of an automaker, then chances are
your GAP insurance will be offered by the same lease company.
You are under no obligation to accept GAP insurance included as part of
your lease agreement. Why pay an insurance premium if you could get the
same coverage for a lower price?
Invest some time shopping by comparing quotes from other insurance
companies, including your existing one. Ask for discounts that you already
qualify for and adjust your coverage accordingly.
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