Do I need liability coverage?

Yes, liability coverage is necessary for your leased business vehicle. The Business Auto Coverage Form (BACF) is used to provide auto liability coverage, outlining the covered incidences, types of damage covered, obligations of both the insurer and insured, and more.

Do I need full coverage insurance to lease a car?

In most cases, you’ll be required to carry comprehensive and collision policies in addition to the state-mandated liability coverage for a leased car.

What about insuring a leased business vehicle?

As a business owner, you need separate auto insurance coverage for your leased business vehicle since it’s not covered under your business owner’s policy (BOP). The insurance requirements vary by state, but you’ll generally need liability coverage and may be required to have additional coverage like Personal Injury Protection (PIP) or uninsured/underinsured motorist protection (learn more: How much car insurance do I need?).

Can I lease a car under my LLC?

Yes, you can lease a car under your LLC. However, it’s important to conduct thorough research and consult experts to determine if this is the most affordable and effective option for your business vehicle leasing needs.

Can I purchase business lease car insurance in the U.K.?

Yes, you can purchase business lease car insurance in the U.K. It’s advisable to consult with a licensed insurance agent in the U.K. for more information.

Do I need collision coverage?

Collision coverage pays for damages resulting from collisions with other vehicles or if your car overturns. It’s often recommended as an addition to liability coverage and may be required by your lease contract, along with comprehensive insurance (read more: Collision vs. Comprehensive Auto Insurance).

Is insurance included on a leased car?

Most lease contracts mandate specific levels of coverage, but you’ll typically need to purchase your own coverage.

Is it more expensive to insure a leased car?

Rates themselves may not be higher, but you may be required to carry more insurance than is required for a car you own, so in effect, your costs for car insurance on a lease may be higher. Compare rates with our free tool to find the cheapest business vehicle lease insurance today.

How do I get a business car lease online quote?

You can usually get quotes directly from the companies you are interested in or use a free quote comparison tool (learn more: How to Get Fast and Free Auto Insurance Quotes).

What are business car lease requirements?

You must carry the coverages outlined on your corporate vehicle lease, or you will be violating the lease.

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Best Auto Insurance for Leased Business Vehicles in 2025 (Top 10 Companies)

Progressive, Geico, and State Farm have the best auto insurance for leased business vehicles. Leasing a vehicle provides an easier way for individuals and companies to drive new cars. Leased vehicles come with reduced upfront costs and high levels of convenience. However, auto insurance laws still apply even when not using a vehicle with a…

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Best Auto Insurance for Leased Business Vehicles in 2025 (Top 10 Companies)

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Tag: auto lease

Compare Quotes from Top Companies and Save

Best Auto Insurance for Leased Business Vehicles in 2025 (Top 10 Companies)

Compare Quotes from Top Companies and Save

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