By Vangelis Dourakis

They did not leave the opportunity to go missed and car leasing companies announce one after another, according to information, increases in rent: The reason is nothing more than the provision of law 5162/2024 on compulsory vehicles for natural disasters. Except that as is usually the case in similar cases, the rent adjustment is disproportionate to the cost they are invited to ‘Raise’ companies.

As is well known, the insurance of all kinds of vehicle for natural disasters becomes mandatory without any separation or motivation. Something that is expected to forces the owner of each car, like leasing companies, to pay … something more in the premiums.

Why do leasing companies increase

As has emerged from the data so far, this cost is ranging from 7 to 20 euros the time. So citing the costs in question, the companies in the industry inform their customers of the ratings that are moving around 3.5%.

In the relevant letters, Leasing companies explain to customers the reasons for adjusting the rent.

So they point out that car insurance against natural disasters, such as forest fires, floods and earthquakes, is now mandatory. In addition, they point out that the cost of insurance of supplementary risks has increased significantly because of the ‘Inflated’ Cost of traffic accidents from traffic accidents.

Given that the new compulsory insurance to cover specific risks came into force as of June 1, 2025, they point out that the increase in customers’ rents will be applied by June 2025 pricing.

The latter do not have an alternative, besides the interruption of their contract, which may however bring a penalty and in this case it is not in the interest.

How it enters “hat” in leasing leasing multiple of increases in premiums

And if this sounds to a certain extent reasonable to recall that increases in insurance ranges from 7 to 20 euros a year. For their part, leasing companies, due to compulsory insurance against natural disasters of all cars, planned adjustments of 3.5%.

What does this mean?

For a 1,200 cubic hybrid vehicle a reasonable rent is about 260 euros a month. With the increase in the monthly rent, it rises by 9 euros, ie 108 euros per year.

In other words, for an adjustment of premiums that reaches 20 euros a year, the user of a leasing vehicle to “cover” it is required to pay 108 euros!

Of course, companies are artificially referring to an increase in the cost of vehicle repairs, in order to justify these adjustments to their invoices.

It should only be noted here that most of the reference companies have agreed with authorized workshops in special ‘Packages’ Low -priced maintenance, while those who do not use authorized workshops and repair them in their own units have even lower costs.

It is also worth noting that all other factors that essentially determine the amount of a lease either decrease or remain stable, such as interest rates and traffic charges.