The 10 Cheapest Cars To Insure

Car insurance costs nowadays have become increasingly expensive, and drivers are looking for even more ways to find cheap insurance.

Published: 21st June 2012

Car insurance costs nowadays have become increasingly expensive, and drivers are looking for even more ways to find cheap insurance.

Statistically young drivers are the most expensive to insure, with the average premium for this age group reaching £2,343 a year according to the latest figures from The AA British Insurance Premium Index.

So how can a young driver (typically under 25) keep their car insurance costs down? Well, the type of car has a big impact upon your quote. Insurers tend to classify different types of cars in groups, numbered from one to 20. Generally the higher up the scale your potential new/used car falls into, the higher the premium will be and vice versa.

With the help of MSN Money & Quote Exchange they’ve created a list of makes and models of vehicles that are the cheapest to insure when you are a young driver looking to but your first car.

Manufacturer Model Average Premium
Vauxhall Nova 1.2i Trip £303.44
Ford Escort Ghia Tdi £347.23
Citroen Ami 8 Club £408.10
Austin Mini Park Lane £410.35
Seat Ibiza Salsa Diesel £410.35
Seat Marbella Jeans £425.06
Ford Escort Acapulco £427.79
Fiat Panda Selecta £428.85
Vauxhall Astra Arctic 2 16V £431.50

Source: quoteexchange.co.uk
 

What you may notice from the table is that small ‘classic’ cars will be your best option if you’re looking to keep premiums low. This is mainly because insurers think that if you drive an older car you are more likely to drive it safely and keep it off the road in a garage. The only snag here is that insurers also expect you to do lower mileage in a car that is considered classic. That means if you need a motor for commuting as well as social use you may need to invest in a new model, less than 15 years old. Unfortunately these new cars with all the mod cons are exactly what insurers hate.

Also, the only problem is that some of the cars on the list are sufficiently rare that they are not likely to be an option for the majority of us. When choosing a car check out what grouping the vehicle is in to get a rough idea of how cheap or expensive your insurance might be with the Association of British Insurers and shop around for the best quotes. One of the other options of reducing your insurance is looking at telematics technology. This system monitors your driving habits through a little black box attached to your car and a GPS signal which rewards good drivers and punishes bad one, although this isn’t to everyone taste. For more information on how to cut your car insurance click here.

Don’t forget that Gap Insurance can also help protect your investment. We also work in partnership with insurance companies to agree insurance estimates should your car be written off or stolen. For more information call 01653 916304 or  click here for a quote.

Click here to read more: Guides ALA Connect.

Published: 21st June 2012
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