Driving a leased vehicle offers numerous advantages: you always drive the latest model, don’t have to worry about resale, and often benefit from attractive conditions. However, before you decide on your dream car, you should inform yourself about the appropriate “Car Leasing Insurance”. This differs in some points from classic car insurance.
Unlike a cash purchase, you are not the owner of the vehicle when leasing. This also has implications for insurance. Leasing providers usually require comprehensive insurance (Vollkasko) to protect their financial interests in the event of damage.
Text highlighting the term 'Vollkasko' or comprehensive insurance for leased vehicles.
Why is Comprehensive Insurance so Important for Leasing?
“Imagine you lease a brand new BMW IX 40 and have an accident in which the vehicle is a total loss,” explains car expert Dr. Markus Schäfer in his book “Leasing ohne Reue” (Leasing without Regret). “Without comprehensive insurance, you would not only have to pay the residual value of the vehicle to the leasing company, but also be responsible for the damage yourself.” A costly affair that you can avoid with the right insurance.
But what exactly should your “Car Leasing Insurance” include? In addition to the mandatory liability insurance, which covers damage to third parties, comprehensive insurance also covers damage to your own vehicle caused by accidents, theft, fire, or natural disasters. Depending on the provider and tariff, additional benefits such as coverage for gross negligence, protection of special equipment, or GAP coverage may also be included.
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Text outlining the benefits or features of leasing car insurance.
What Should You Consider When Choosing Insurance?
Not every “Car Leasing Insurance” is the same. To find the optimal protection for your leased vehicle, you should compare offers from different insurers. Pay attention not only to the price but also to the benefits and contract terms.
Independent comparison portals on the internet can provide valuable assistance here. Simply enter your vehicle data and the desired coverage amount, and you will receive an overview of the tariffs from various providers.
Important Points at a Glance:
- Lessee Insurance: Some insurers offer special tariffs for lessees that are tailored to the needs of leasing customers.
- GAP Coverage: Closes the gap between the replacement value and the leasing residual debt in the event of total loss.
- Deductible: The lower the deductible, the more expensive the insurance premium.
- Workshop Commitment: Some insurers work with specific workshops.
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Conclusion
The right “Car Leasing Insurance” gives you the security to enjoy your dream car without worries. Compare offers from different insurers and choose a tariff that meets your individual needs. This way, you are optimally protected in the event of damage and can enjoy your leasing period in a relaxed manner.
Do you have any further questions about leasing or car insurance? Our experts are happy to advise and assist you! Simply contact us via our website.
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