Leased Car Insurance South Dakota SD
Reader’s Question:
I don’t own a car. I just lease one here in South Dakota. Do I still need auto insurance coverage?
Kirk
Sioux Falls, SD
To answer your question–yes, you will still need auto insurance coverage even if you don’t own a car and are just leasing one in South Dakota. The main issue here, really, is the car. Who’s going to take care of the car? When you drive your leased car, you know that it’s not your car. It’s still the auto dealer’s car. They, of course, would want to make sure that the car is taken care of even if somebody else is driving it. So, they would need you to have collision and comprehensive coverage.
Collision coverage will take care of things when you get in an accident like collide with another car or another object. The auto dealer will not shoulder the cost for any accident you caused while driving their car.
Comprehensive coverage covers the car if it gets damaged but the cause is not a road accident. If the car gets vandalized, your comprehensive coverage will pay for it. If it gets stolen, bursts into flames, comprehensive coverage will have your back. Hitting a deer or other animal is covered by this also.
In other words, if you lease a car, taking care of it is going to be your responsibility, and not anyone else’s.
Tags: auto insurance coverage, commercial insurance, comprehensive insurance coverage, leased car insurance
Military Auto Insurance South Dakota SD
Reader’s Question:
I am 19-year-old resident of South Dakota contemplating military service. Should I cancel my present auto insurance if ever I get accepted in the military? I would probably store the car somewhere and get insurance when I come back.
Kevin
Rapid City, SD
Kevin, even if you won’t use your vehicle you are still required by law to renew the registration for your car annually (in most cases, this is usually the month of your birth). It would just be a bad decision to just keep your car somewhere and hope nothing happens to it. What if a natural disaster occurs in your area and by sheer bad luck causes damage your car? Another disadvantage is that a delay or lapse in insurance coverage will make an auto insurance company refrain from giving you insurance when you return from your tour of duty. So, canceling your present auto insurance without replacing it is not advisable. There are alternative ways to deal with this.
Many auto insurance companies don’t take into account the complexities of a client being deployed in the military, but fortunately some do. If budget is your primary motivation to take this course of action, there are companies which deal with military personnel all the time and will provide you tips on how to save some cash when you’re away. Discounts are usually given to those who work in the military. Patriotism, this is. Some auto insurance companies also try to maintain lower rates near military bases.
Tags: auto insurance, car insurance, military discount, military insurance