Insurance is not usually included in car lease agreements and it is your responsibility to make sure that you have the right insurance cover until your leasing contract expires.
Private car leasing is also known as PCH or personal contract hire and is an increasingly popular choice for drivers who do not want to own their own vehicle. There are several benefits to leasing a vehicle. These can include making a wider range of vehicles available to you, even if your budget is limited, and not having to be concerned about resale when you opt to change your car. Of course, there are also limitations, such as being tied into the term of a contract and not having actual ownership of the car.
Insurance is rarely included
It is rare to find car leasing agreements that include insurance and, whilst you may not be the legal owner of a leased vehicle, the law states that you must have appropriate insurance cover.
Even if you do find a car leasing deal that includes insurance, it is often worth looking into alternatives to make sure that you are getting the right cover for you at the best possible price. You may also be offered insurance as an add-on when you sign up for your car leasing deal but, again, it can pay to look at alternatives rather than accepting the first policy you are offered.
You should also make sure that the insurance policy you finally choose only covers you for what you need, or you could end up paying more for nothing. This may be the case when it comes to breakdown cover, which may well be included in your lease agreement.