Topic
Do you have to get insurance like you would when you own a car? Is it less?
How does insurance work when leasing a vehicle
Absolutely. You lease the car, so u r responsible for providing insurance to cover the car in the event of a loss.
It is no less or no more than if u purchase or own a vehicle.
As somebody above, said, though, the leasing company will dictate that u have to carry a lower deductible, since higher deductible policies mean that the car will probably suffer more 'unfixed' damage that they will have to deal with at the end of the lease. Well YOU would be held liable for it, though, as excess wear & tear, & they will get u anyways. So just pay the higher rate for the lower deductible.
How does insurance work when leasing a vehicle
It is going to be the same as if you owned it. If this is brand new, you will need liability and collision insurance, at least in NJ. Because it is a lease, the insurance company may dictate what your deductible is. The higher the deductible is, the lower your premium is.