Many people lease vehicles for comfort, convenience, and reliability. If you're leasing a car, you need to protect yourself by having adequate auto insurance. Standard policies are usually not robust enough to provide the protection you need for a borrowed vehicle. Here are a few points that you should keep in mind as you evaluate insurance options for a leased car. 

Is Insurance Required?

Any official dealership or leasing agency will require you to have insurance coverage. After all, you are borrowing the vehicle, and if it's damaged beyond repair, the dealership will rely on insurance to recoup its costs. 

Further, most vehicle leases have strict limitations on the number of miles that you can drive along with specific maintenance requirements. Insurance protects both you and the lessor in case anything goes wrong during the lease term. 

What Are the Types of Coverage Needed?

Insurance stipulations can vary from one lessor to another. At a minimum, you're likely to need bodily injury coverage, property damage insurance, coverage for uninsured/underinsured drivers, and medical payment insurance. Make sure that you carry comprehensive or collision coverage, as well. Liability-only policies are usually not adequate since this insurance only covers the other parties or vehicles in an accident. 

The amounts that you'll need for each policy will vary depending on the type of car that you're borrowing. To determine the cost of your auto insurance policy, an insurer will evaluate your driving history, age, credit score, income, and other factors. Independent agents will usually offer multiple quotes from various insurers so that you can select the option that best meets your needs. 

What Are the Benefits of Leasing?

Leasing a vehicle can be a great choice for drivers who want flexibility and reliability. In most cases, the upfront costs of leasing are more affordable than buying, so you don't have to save up for a long time to afford your dream car. 

Further, you'll have lower monthly payments and lower maintenance or repair costs since these expenses are often covered by a manufacturer's warranty in new vehicles. Finally, you won't have to worry about reselling the vehicle once the lease ends. Instead, you can simply return the current car and start a new lease on a different vehicle.

If you need help with auto insurance for a leased vehicle, trust the professionals at JMS Insurance Agency LLC. Their knowledgeable team provides home, auto, and business policies to clients in the Fort Bend, Harris, and Montgomery County, TX, region. They maintain relationships with major insurers to provide the best options for their clients. See what they can do for you online or ask for a quote by calling (281) 494-1500.