What is a common characteristic of higher insurance costs associated with leasing a car?

Leased vehicles may require comprehensive coverage due to the financial arrangement involved in leasing. When an individual leases a car, they do not own it, which means the leasing company retains ownership and holds a significant interest in the vehicle's value. To protect this interest, leasing companies typically require lessees to maintain certain insurance coverages that protect the vehicle in case of theft, damage, or other unforeseen circumstances.

Comprehensive coverage is essential as it covers various risks that could lead to significant repair costs or a total loss, which the leasing company would ultimately be responsible for. Therefore, having comprehensive coverage ensures that both the lessee and lessor are financially protected.

The other options do not accurately capture the requirements or financial implications of leasing a vehicle. Required coverage not being extensive, the potential for premiums to increase over time, or having only third-party coverage does not align with the standard insurance expectations for leased vehicles.