Car With Cheap Insurance For Young Drivers – The Fiat 500 is the single most popular car among young drivers and one of the cheapest to insure.
Choosing your first car is an exciting experience for many teenagers and first-time drivers, but choosing the wrong make and model can mean paying thousands of pounds in extra insurance.
Car With Cheap Insurance For Young Drivers
Volkswagen up! The Peugeot 108 may not be the best first car, but it is the cheapest option for insurance, according to data from Market Compare, a price comparison website.
Get Cheap Car Insurance For Young Drivers + 6 Tips From Experts
By choosing a Volkswagen city car, drivers aged between 17 and 24 paid an average of £636 for car insurance between November 2020 and January 2021, although the average purchase price could be as low as £4,542.
The Citroen C1 is a cheaper alternative, priced at £2,764. According to comparison sites, young drivers typically pay £704 for insurance on this model.
This is slightly lower than the average premium for young drivers. In 2021 the average insurance policy costs a young driver £1,083, three times the cost of an older driver. By comparison, over-65s pay an average of £314, the cheapest of all age groups.
Yet this car received little love from new drivers. According to Market Compare, less than 3% of young people who need car insurance are looking to insure the Volkswagen Up!, Citroen C1 and Peugeot 108, which cost an average of £705 to insure.
Young Drivers Feel The Pressure Of High Insurance Premiums
Traditional favorites such as the Ford Fiesta, Vauxhall Corsa and Volkswagen Polo remain the most popular options, but each will cost more than £1,000 to insure. The Volkswagen Golf and Vauxhall Astra, the fifth and sixth most searched cars, cost more than £1,300.
Dan Hutson in Market Comparison says: “Young drivers should be careful not to choose a car model that makes their premiums too expensive. In general, the best car for a young driver should be safe, easy to drive And they’re simple to park. More compact city cars like the Volkswagen Up!, Citroen C1 and Peugeot 108 fit the bill, which usually means they’re cheaper to insure.
It comes as young drivers, aged between 17 and 24, have saved an average of £2,000 as a result of the lockdown restrictions, according to online car retailer Auto Trader.
“That makes them the driving force behind the predicted boom in car sales, now that the forecourts are open,” said auto dealer Erin Baker.
The Best Cheap Car Insurance For New Drivers
When the number of new drivers increases, the increase may also increase. According to data from the Driver and Vehicle Licensing Agency, there are now three million drivers between the ages of 17 and 25, down from 3.3 million in March 2020.
It cited a lack of driving lessons and the availability of driving test slots during the pandemic as the main reasons for the decline in drivers, but said the “appetite to drive” remained high.
Car dealer research shows that “Generation Z” drivers care more about the brand of the car, whether it has a good GPS system and whether the sound system is of good quality, rather than whether it will fetch a high insurance price.
One in 10 young drivers want an “Instagram-worthy” car, but Ms Baker said there was more to consider when buying a car and the cost of insurance should be a higher priority than that.
Best Car Insurance For Young Drivers In The Uk
If saving money is important, there are many factors that can affect how much a car costs to insure. Bigger cars usually have bigger engines, which is a sure way to increase premiums, but special modifications like spoilers or wheel rims usually increase insurance costs as well.
Conversely, alarms, immobilizers, or other safety features can reduce insurance costs by preventing car theft.
Alex Kindred, of comparison site Confused.com, said that adding an older named driver, such as a parent or guardian, to the insurance can also reduce costs.
Although the age of the car can change how much insurance costs, it is not a guarantee. Older cars usually cost less, so they are cheaper to replace but also have less modern safety features, which can make them more dangerous.
Young Driver Insurance Ni
Young drivers can also cut costs by adding a telematics box, Hutson says, as it can cut policies by hundreds of pounds, as it feeds data back to the insurance company about how, when and how much you drive. run
What was your first car, and how much did you pay for it? Share your story in the comments section below
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The Ford Fiesta is the most popular car among young drivers when looking for insurance and costs an average of £711 for comprehensive cover, new research has revealed.
Car Insurance For Young Drivers Explained
However, it is not cheap to insure. In fact, the rival supermini Citroen C1 takes first place for the cheapest cover, according to data from Mini Supermarket.
Despite not being in the top ten most popular models for 17 to 19-year-olds, it costs £506 to insure – £205 cheaper than the Fiesta.
This is still a higher than average premium for the country’s most popular car which costs £417 – £294 less for young drivers.
The Citroen C1 was the cheapest car to insure for drivers aged 17 to 19.
Car Insurance For Teens: Everything You Need To Know
Those aged 20 and over pay an average of 51 per cent less to insure the same car at £347.
Money Supermarket analyzed more than one million quotes made by its customers between 9 June 2020 and 9 June 2021 to identify the most popular cars for first-time drivers aged 17 to 19 and to insure these vehicles. special cost.
It revealed that the Citroen C1 was the cheapest car to insure for young drivers, but at an annual cost of £506 it was still 72% more expensive than a 20-something with an average of £294.
The second cheapest is the Fiat 500 Pop which costs £509 and the Fiat 500 Lounge which costs £519.
Cheap Young Driver Insurance
Again, these cars were found to be 60 and 71 percent, respectively, more expensive than drivers over 20.
Meanwhile, the Peugeot 107 comes with average annual insurance of £539 and the Ford Ka £543, compared to £286 and £315 for over 20s.
Fiat 500, Fiat 500 Lounge and Fiat 500 Pop are the cheapest to insure.
The most popular car found was the Ford Fiesta, followed by the Vauxhall Corsa at £689 a year and the Volkswagen Polo at £656 a year.
Young Drivers Insurance: Comparison Site For Cheap Insurance
The Ford Ka, Mini One and Renault Clio all feature in the top ten most popular cars for young drivers.
For example, a VW Golf will cost a 17 to 19-year-old £935 – a whopping 154 per cent increase when compared to a 20-year-old who pays an average of £368.
First-time drivers who own the second most popular first car, the Vauxhall Corsa, pay an average of £689 for their insurance, compared to £519 for young drivers of the Fiat 500 Lounge.
Car insurance premiums are often higher for drivers who have recently passed their test because insurers share more risk with them.
Cheapest Cars To Insure In The Uk 2022
The Ford Fiesta is the most popular car for 17- to 19-year-olds – but it’s not cheap to insure.
Motorists, especially young ones, are being encouraged to use price comparison sites to see if they can save on their insurance by shopping around and experts say they could save hundreds of pounds.
Praksha Patel Shah, car insurance expert at Muni Supermarket, said: “After a year’s delay in theory and practical tests due to the coronavirus, many young drivers are now looking to buy their first car in 2021, especially With new number plates.On 1st September.
“There are a number of ways for newly eligible UK residents to reduce their insurance premiums. You can cut costs by reducing your mileage or opting for a higher level.
Vauxhall Partners With Ingenie To Offer More Affordable Car Insurance For Young Drivers
“You can even see telematics policies that use data to monitor how we drive and use that to determine the cost of their car insurance – the more careful the driver, the more competitive the policy rate.”
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