Cost of car insurance when leasing

[GoonerByron]

Hi all,

Currently in the process of needing to get a new car, my 12 year old car has finally had it. I've been weighing up the pros and cons of buying vs leasing and decided leasing would suit me at the moment as don't have cash sat there waiting to be used after just buying first house and want to keep monthly payments as low as possible..

Question is, should I be expecting to pay a much larger insurance premium just because the vehicle is leased? It's not something I'd read anywhere or factored into the budget and doing some comparisons on the car I want, I get a cheapest quote of £635 for leasing but if I put the same vehicle in as owning it the cheapest quote goes down to around £320.. My current insurance is £240 so a massive leap..

Hope someone can help!