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4. Will car insurance be more expensive leasing a car or buying a car?​
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8 votes
4. Will car insurance be more expensive leasing a car or buying a car?​

User DCR
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2 Answers

17 votes
17 votes

Because leased cars are obliged to carry additional coverages than owned cars, they can be more expensive to insure. However, drivers who buy their automobiles and select a variety of coverage options may pay the same amount for insurance as those who lease them.

User Stevens Miller
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18 votes
18 votes

Answer:

Insurance companies are primarily concerned with your driving record and the type of vehicle you are insuring. Insurance rates are based on how safe of a driver you are and the amount they will have to pay out if you total your vehicle. It makes no difference to them if you have leased the car or purchased it.

User Gogognome
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