What Insurance Do I Need To Lease A Car? 
Auto Lease agreements include a requirement that you provide proof of auto insurance for that vehicle and yourself . The policy will need to include Physical Damage coverage for the car covering for losses that are due to accidents -LRB- collision -RRB- as well as any other loss -LRB- comprehensive -RRB- . It may be possible that the maximum deductible allowed is $ 500.00 . You will also need to have Liability insurance and usually at a limit of $ 100,000 per person , $ 300,000 per occurence for Bodily Injury and $ 50,000 for Property Damage . Finally , the policy must name the leasing company as lessor and loss payee . 