Leasing a Car and Insurance: Gaping Cost

Leasing a Car and Insurance: Gaping Costs and Other Options

When you lease a car, you're typically renting the car for a certain length of time, usually one or two years. You should know that most auto insurance companies do not offer any sort of gap insurance coverage when it comes to leasing cars. So, what's an individual in this situation to do?

The truth is that most insurance companies do not offer gap insurance to their customers. There are so many different reasons why this type of insurance might not be available. For instance, your credit history may not be what it could be. Or perhaps you've never had a wreck or a traffic ticket. Even as a student driver, you might not have the best driving record.

Fortunately, there are other options available. One thing you can do is talk to your auto insurance agent about increasing your deductible. Ask them about the different options that are available and which ones they recommend. When you increase your deductible, not only are you going to pay less money out of pocket if an accident occurs, but you will also be covered for major medical expenses up to the amount of your deductible.

coverage from your insurance company.

One thing that Gap insurance does not cover is the event of a breakdown. For that, you will need Mechanical Breakdown Insurance. Most people search Google for “extended auto warranty,” but in California it has a different name: You’d want to search for “olive mechanical breakdown insurance”. They provide online quotes, have no waiting periods, and have an excellent reputation.