Automobile Insurance
Required Insurance Coverage for Leased Autos
You will not have much of a choice when it comes to deductibles and liability limits on a leased vehicle. Leasing companies permit certain maximum deductibles and require minimum liability limits on their vehicles. The typical requirements are as follows, but may differ among leasing companies:
- Liability coverage. Minimum $100,000/$300,000/$500,000
- Collision deductible. Between $250 and $500
- Comprehensive deductible. Between $250 and $500
Also, be aware that insurance premiums are your responsibility and are not included in the monthly lease payment. Check your lease agreement for the insurance requirements that apply to you.
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Important information about procedures for opening a new account
To help the government fight the funding of Terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account.
What this means to you: When you open an account, we will ask you for your name, address, date of birth and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.
Investment products are offered through Osaic Institutions, Inc., Member FINRA/SIPC. Insurance products offered through Osaic Institutions, Inc.