How much does your comprehense insurance cost when leasing?

[kenn]

Considering leasing a Spark EV. Feel fairly comfortable with the actual leasing process even tho I have never leased before. The insurance is another matter. What should one expect to pay and is it best to handle it thru your normal insurance or does the lessor have their own preferred agent/company? Any thoughts from experienced lessee? kenn http://www.mychevysparkev.com/forum/posting.php?mode=post&f=3#

 

[ecilopaveht]

Here are my Progressive rates. For the State of Oregon.
I lease and have GAP insurance.
You most likely get the best rates thru your own insurance company.

2014 CHEVROLET SPARK

Coverages Limits Rate
Bodily Injury & Property Damage Liability: $25,000 each person $50,000 each accident $50,000 each accident $114.00

Uninsured/Underinsured Motorist: $25,000 each person $50,000 each accident $5.00

Personal Injury Protection: $25,000 $24.00

Uninsured Motorist Property Damage: $50,000 each accident $200 deductible or $300 deductible for hit & run $5.00

Comprehensive: $500 Deductible with $0 Glass Deductible $21.00

Collision: $100 deductible $104.00

Rental Reimbursement: $30 each day maximum 30 days $11.00

Loan/Lease Payoff: Selected $9.00

Total rate for this vehicle: $293.00

 

[kenn]

ecilopaveht
Post subject: Re: How much does your comprehense insurance cost when leasi
Unread postPosted: Sat Sep 14, 2013 8:54 pm
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Joined: Wed Aug 21, 2013 12:49 am
Posts: 17
Here are my Progressive rates. For the State of Oregon.
I lease and have GAP insurance.
You most likely get the best rates thru your own insurance company.

2014 CHEVROLET SPARK

Coverages Limits Rate
Bodily Injury & Property Damage Liability: $25,000 each person $50,000 each accident $50,000 each accident $114.00

Uninsured/Underinsured Motorist: $25,000 each person $50,000 each accident $5.00

Personal Injury Protection: $25,000 $24.00

Uninsured Motorist Property Damage: $50,000 each accident $200 deductible or $300 deductible for hit & run $5.00

Comprehensive: $500 Deductible with $0 Glass Deductible $21.00

Collision: $100 deductible $104.00

Rental Reimbursement: $30 each day maximum 30 days $11.00

Loan/Lease Payoff: Selected $9.00

Total rate for this vehicle: $293.00

Thanks ecilopaveht for your reply.
Is your insurance for 6 months or one year? Our insurance for our ICE vehicles is handled by Allstate agent but I think it is actually 'subbed out' to some other company they recommended. Live in a small town in Ca. a few miles inland near the center of Monterey bay.kenn

 

[ecilopaveht]

This is every six months.

 

[kenn]

Hi ecilopaveht, Thanks for your Rapid response. Guesss one could roughly say the insurance is about $50 per month.

 

[LH422]

Appreciate your figures as well. Might want to consider upping your level of coverage, though, since the levels you have may not cover you if you hit someone. The Spark may be tiny and bounce off a lot of things without leaving a mark, but people still squish pretty easily.

 

[fengshui]

I have AAA in Central California, and pay $600/year for this:
500k/500k Liability
100k Property Damage
$500 deductible Collision Comprehensive
250k/500k Uninsured motorist.

So $50/month sounds about right. I had it at a $1k deductible originally, but the bank holding the lease wanted $500.