When it comes to car insurance, the cost for a leased car can be different from that of an owned car. Car insurance for a lease can be more expensive for several reasons. Firstly, leased vehicles often require higher coverage limits for both liability and physical damage coverage. This is because the leasing company typically requires the lessee to carry higher coverage limits to protect their investment in the vehicle. Additionally, leased vehicles may also require gap insurance, which covers the difference between the actual cash value of the vehicle and the amount still owed on the lease in the event of a total loss. This additional coverage can contribute to higher insurance costs for leased vehicles. Furthermore, leased cars are often newer and more valuable than owned cars, which can also lead to higher insurance premiums. On the other hand, owned cars may allow for more flexibility in choosing coverage limits and types of coverage, potentially resulting in lower insurance costs. It's important to note that insurance costs can vary based on individual circumstances and insurance providers, so it's advisable to obtain quotes from multiple insurance companies to compare the costs for both leased and owned vehicles.