Travelers to Provide Auto Insurance for Lexus Complete Lease Program
The Travelers Companies, Inc. will be the auto insurance provider for the new Lexus Complete Lease, a two-year, 20,000-mile lease program for the Lexus UX compact crossover vehicle. The full-service leasing option bundles the cost of the vehicle, auto insurance, connected services and maintenance into a one monthly payment.
The Lexus Complete Lease is available for qualifying customers who choose any Lexus UX build. The auto insurance policy from Travelers includes auto liability and physical damage coverage with a $500 deductible. Pricing and coverages may vary by state.
According to Behram Dinshaw, executive vice president at Travelers, said the agreement is part of the insurer’s strategy to engage new and existing customers in the marketplace.
The Travelers Companies, Inc. provides property casualty insurance for auto, home and business. Travelers has approximately 30,000 employees and generated revenues of approximately $30 billion in 2018.