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Q is there a tax credit for hybrid vehicles
DaleMalan
ZenobiaHume Release Time: July 15, 2024, 11:55 AM
Yes, insurance premiums can be higher on leased vehicles compared to those that are financed or owned outright. This difference is largely because leasing companies often require a higher level of coverage, including comprehensive and collision insurance, as well as higher liability limits than what your state’s minimum may dictate. This ensures that the leased vehicle is fully protected in case of an accident, theft, or total loss. To mitigate these costs, it’s advisable to shop around for competitive insurance rates and inquire about any discounts for which you might be eligible. Additionally, maintaining a good driving record can help keep your premiums as low as possible.
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