What are the car insurance requirements for leasing a vehicle in Florida?

Florida law requires all drivers to carry minimum liability insurance, and lease agreements typically demand higher coverage than the state minimum. Most leases require comprehensive and collision coverage with low deductibles (often $500 or less), uninsured/underinsured motorist protection, and sometimes gap insurance. The leasing company is listed as a loss payee on the policy, meaning they're notified of any claims. You'll need proof of insurance before taking possession of the vehicle, and the lease agreement will specify exact coverage amounts and deductibles required. The state minimum is 10/20/10 (10k bodily injury per person, 20k per accident, 10k property damage), but lease companies typically require 100/300/100 or higher. Comprehensive and collision are mandatory under lease terms because the lessor owns the vehicle and wants protection against total loss. Gap insurance covers the difference between what you owe and the car's actual value if it's totaled—many leases include this automatically or require you to purchase it. Shop insurance quotes before signing a lease, since coverage costs vary significantly by company and driving history. Florida's no-fault insurance system means your own policy covers medical expenses regardless of fault, which affects premium calculations. If you're financing or leasing through Elite Edge, you'll handle insurance directly with an insurer of your choice; the dealer or broker doesn't arrange it. Your next step is getting lease quotes from multiple sources and comparing insurance costs alongside monthly payments. Contact Elite Edge at (954) 907-2386 or WhatsApp to discuss whether leasing or buying makes sense for your situation—sometimes financing with a trade-in down payment costs less overall than a lease when you factor in insurance and mileage limits.

Common questions