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.
