Auto Lease Insurance

Here at GMI Insurance, our Auto Lease Insurance program is purpose-built to provide comprehensive protection for leasing companies and financial institutions that lease autos and trucks. We understand the unique challenges involved in commercial auto leasing, and our coverage solutions are structured to address those exposures—whether related to excess liability, physical damage, interim vehicle use, or contingency gaps in lessee coverage.

With decades of experience in auto risk and claims management, GMI has developed a program that delivers both flexibility and reliability. Our carriers, including National Interstate, are highly rated and experienced in handling commercial leasing risks. We’ve maintained a 90% average client retention over the past five years by offering tailored coverage, responsive service, and underwriting expertise for a wide range of auto leasing operations.

Ideal Accounts and Appetite

This program is designed for auto dealers, banks, and other financial institutions that lease autos or trucks under agreements of 12 months or longer. Whether your client leases light-duty passenger vehicles or large commercial trucks, we have no restrictions on vehicle size. This flexibility allows you to place a wide range of accounts with us, including:

• Independent auto leasing companies
• Fleet leasing operations
• Truck rental and leasing firms
• Financial institutions leasing repossessed or off-lease vehicles

Example: You might have a client who operates a fleet leasing business across multiple states and is looking for better coverage options for their off-lease vehicles. Or a bank that needs contingent liability protection in case a lessee’s insurance lapses. We can help you place that business.

Coverage Highlights and Advantages

Our Auto Lease Insurance program includes a broad range of coverages to ensure your clients are protected at every stage of the lease lifecycle:

• Lessors Contingent Liability – Protects the lessor if the lessee’s liability insurance is insufficient or uncollectible after an accident.
• Lessors Excess Liability – Provides additional liability protection above the lessee’s policy limits.
• Lessors Physical Damage – Covers the lessor’s interest in leased vehicles when collision or comprehensive is not covered by the lessee.
• Interim Car Coverage – Offers physical damage and liability coverage for off-lease vehicles awaiting resale or re-lease.
• Garage and Property – Coverage available for facilities and business personal property.
• GAP Coverage – Available nationwide for both auto and truck leasing operations.

Underwriting Notes and Minimum Premiums

We take a data-driven and strategic underwriting approach, focusing on well-managed operations with clear lease terms and vehicle tracking procedures. While minimum premium details may vary by risk and location, we are committed to structuring terms that support long-term client stability and growth.

Territories and Availability

This program is available in all 50 states plus Washington, D.C. We support auto leasing operations nationwide, including multi-state fleets. Admitted and non-admitted options are available depending on jurisdiction and risk profile.

Why Work With GMI Insurance?

As a specialized Managing General Agency (MGA), GMI Insurance has a long-standing reputation for innovation and service in the commercial auto space. Our deep knowledge of leasing risks, high retention rates, and access to top-tier carriers make us a trusted partner for agents and brokers nationwide. When you work with GMI, you gain a team that understands your client’s needs and delivers responsive, reliable solutions.

If you have a client that could benefit from our Auto Lease Insurance program, we invite you to contact us to discuss eligibility and next steps. Our team is ready to help you place complex leasing accounts with confidence.