who pays for insurance on lease cars

who pays for insurance on lease cars

Who pays for the insurance on a lease car?

Everything you need to know about insuring your lease car
Car key on a certificate of motor insurance
Insurance is one of the biggest extra costs when it comes to cars, regardless of whether you are leasing or buying.But insurance on a lease car can be confusing. You don’t actually own the car, so who’s responsible for the insurance?In this article we’ll look at who is responsible for the insurance, whether lease price affects insurance and how you can lower the price.Before we start, it should be noted that we are not insurance brokers, and we are certainly not insurance experts. However, we talk this through with customers every day, and we know enough to educate you on the basics. If you are in any doubt about anything, we recommend talking to your insurance company. Although you don’t own the car on a lease, you are the one responsible for insuring it and therefore the one who is responsible for paying for it. The insurance has to be fully comprehensive, and 99% of the time, insurance isn’t included in your lease contract...
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