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