Car Insurance On Leased Automobile in Nebraska
Reader’s Question:
I live in Nebraska. I am still financing the car, do I need to add comprehensive and collision on the vehicle?
Andrei
Lincoln NE
In the state of Nebraska, you are required to carry liability 
covers on your vehicle with the limit of Bodily Injury Liability of $25,000 for one person up to $50,000 per accident and
Property Damage Liability $25,000 per accident.
It is not a state law that mandates you to carry comprehensive and collision coverages on a financed automobile but instead it typically is the financial institute that requires these coverages be kept on the car.
The bank or the leasing company wants their asset, which is the car, to be properly covered with these physical damage coverages of collision and comprehensive. If you decide not to add these coverages on your car then the leasing company may place forced insurance on the car or they may take the car back.
Why you Need Auto Insurance in Nebraska
Reader’s Question:
Out of curiosity, I called this insurance company in Omaha Nebraska NE and asked why I should bother getting auto insurance. I ended up more confused that before and had this impression that they were just out to get my money. Should I even bother?
Lynette
Omaha NE
Hi, Lynette! Good thing that you decided to try your hand again on auto insurance. Please don’t let that isolated experience tarnish the insurance industry’s reputation forever. While it is true that there are some unreliable insurance companies, there are even more reputable and reliable insurance companies in Omaha Nebraska NE. What you can do is look at several insurance companies and choose which ones are familiar with you. It can be one you’ve read about in the papers, or one that was probably mentioned by a family member or a friend. What’s important is that you should feel comfortable with your insurer. You can find names of trustworthy insurance companies from this page or even get up to 5 free quotes by entering your zip code on the space you find.
Please allow me a shot in answering your question. There are several reasons why you should bother getting auto insurance, the first is that it is mandatory to get one when you register your car. You will be required to have at least liability insurance when you register your car and you can upgrade this at a later time to more comprehensive coverage. Of course, we all read the statistics about road accidents in Omaha Nebraska NE. Virtually no one is exempted from the probability of getting involved in an accident and it is wiser to spend a little money on auto insurance now than having to spend more at an indeterminate time. Auto insurance is also useful even when you are not on the road. It can protect you from theft, vandalism and other incidents that can happen while the car is off the road.
I hope that I was somehow able to shed some light on the matter, Lynette.
