DRD Insurance Agency Blog

As a driver in Anaheim, whether you buy a car outright or through a loan or lease, you still need to have personal auto insurance. Anaheim, California residents should make sure their policy covers them for collision and other damage. You will also need to purchase at least the minimum amount of liability coverage required in California, which at the present time is $15,000 coverage for injury of one person or $35,000 for all persons in any one accident as well as $5,000 for property damage.

For a leased vehicle, you will need to purchase collision coverage for damage to your car and comprehensive insurance for other types of damage. Another type of coverage that you may need is known as “gap insurance’ – to cover the gap between what you still owe on the car and the pay-out you receive from insurance if the car is damaged beyond repair or “totaled”. Gap insurance is generally included in the lease payments so you shouldn’t need to buy a separate policy.

As with any insurance, it is important to become familiar with your policy when buying auto insurance in Anaheim, California.  Residents should make sure they understand the scope of their coverage. It’s also important to regularly review your insurance to make sure it is adequate. A qualified agent will be able to assist and guide you in finding the right coverage for your leased vehicle.  
 

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