If you have ever owned a car, you’ve probably had insurance for it. Because a vehicle is a major investment, it is important to keep it protected. But, if you’re now planning to get a Mazda lease, you should know that insurance will be a little different. Here Route 9 Mazda goes over what to expect when it comes to Mazda lease insurance requirements.
Having the Right Coverage
Whether you own a car or lease one, there is one type of insurance that is a necessity for both: liability. This is required by law, as it provides a certain amount of money for injuries related to an accident. In New York, minimum liability coverage is at least $25,000 per person and $50,000 per accident.
Other Types of Necessary Insurance
While liability is all you need to have when you own a vehicle, the same isn’t true for leasing. Most leasing companies will also mandate that you have collision and comprehensive coverage. Collision helps pay for repairs stemming from an accident. Comprehensive will cover repairs related to other incidents, including vandalism or fallen objects, like a tree branch.
You may also be required to cover gap insurance, and this is definitely worth having. If, for example, you get into an accident and the car is totaled, you will still need to pay what you owe on it. Gap insurance will pay the difference between the vehicle’s value at the time of the accident and the amount you still owe.
Get All of Your Leasing Questions Answered in Poughkeepsie, NY
If you have questions about insurance or anything else related to leasing, contact Route 9 Mazda in Poughkeepsie, NY. Ready to find a great lease? Come down to see us to learn about the latest offers and take a test drive today!
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