If you’re a new driver and worried about what the cost of your insurance will be, not to panic. You’ll be pleased to know that there are some cars that are cheap to insure for new drivers. These are some cars that fall into low insurance groups and have relatively low power outputs, which can reduce the risk of accidents and the financial cost if they occur.
However, the actual cost of insurance may vary depending on various factors, such as the driver’s age, location, driving history, mileage, and coverage options. That’s why it’s always a good idea to compare quotes from different insurers before buying a car.
Here are just some examples of some of the cheapest cars to insure for new drivers:
Fiat 500X – average annual premium: £284
The Fiat 500X is one of the cheapest cars to insure for new drivers. According to Honest John, the average annual insurance cost for the Fiat 500X is £284, which is much lower than the national average of £1,034. The Fiat 500X is a compact and stylish crossover that falls into the low insurance group 9. It also has a moderate power output of 108bhp and a top speed of 112mph, which can reduce the risk of accidents and the financial cost if they occur.
The Fiat 500X is a compact car and a good choice for new drivers who want to save money on insurance and enjoy a spacious and comfortable ride. For young drivers, it’s all about saving money, especially on insurance costs. Finding the cheapest car insurance can be a mission but as a young driver, if you can cut the costs and find a low insurance car to buy like this one, then why not?
Volkswagen Up! – average annual premium: £293
The Volkswagen Up is one of the cheapest cars to insure for new drivers. According to WhatCar , the average annual insurance cost for the Volkswagen Up is £293, which is much lower than the national average of £1,034. The Volkswagen Up is a small and economical city car that falls into the lowest insurance group 1. It also has a low power output of 59bhp and a top speed of 99mph, which can reduce the risk of accidents and the financial cost if they occur.
The Volkswagen Up is a good choice for new drivers who want a cheap car to save money on insurance and fuel. Car insurance premiums can be through the roof for new drivers, so by investing in an affordable car, like the Volkswagen Up, you can thrive off low running costs as this is considered to be one of the cheapest cars to insure and would be a great first car.
Seat Arona – average annual premium: £491.01
The Seat Arona is one of the cheapest cars to insure for new drivers. According to Admiral, the average annual insurance cost for the Seat Arona is £491.01, which is much lower than the national average of £1,034. The Seat Arona is a small and practical SUV that falls into the low insurance group 9. It also has a moderate power output of 94bhp and a top speed of 107mph, which can reduce the risk of accidents and the financial cost if they occur. The Seat Arona is a good choice for new drivers who want a small car to save money on insurance and enjoy a versatile and reliable ride.
How can new drivers cut the cost of car insurance?
For example, you could always choose a car with a low power output and a low insurance group. Car insurers charge more for cars that have higher engine power, higher performance, and higher repair costs. You can check the cheapest insurance per group of different cars on websites such as Honest John.
You can also compare quotes from different insurers and levels of cover. You can use online comparison tools such as MoneySavingExpert’s Car Insurance Compare+ tool to find the best deal for your car and circumstances. You may also find cheaper car insurance quotes from specialist insurers or brokers that cater to new drivers.
You may also even want to consider taking out black box or telematics insurance for new car too. By having car insurance that uses a device installed in your car or an app on your phone to monitor your driving behaviour, such as speed, acceleration, braking, and mileage, can actually help to make your insurance cheaper. If you drive safely and responsibly, you can earn discounts or rewards from your insurer.
How does the insurance group affect your car insurance premium?
The insurance group is one of the factors that affect the car insurance premium. The insurance group is from 1 to 50 which indicates the level of risk and cost associated with insuring a particular car model. The lower the group, the cheaper the premium, and vice versa. According to the RAC, the insurance group is decided by a panel of experts from the Association of British Insurers (ABI) and Thatcham Research, based on various criteria, such as:
The value of the car when new and its specifications
The cost and availability of parts and repair
The security and anti-theft devices of the car
Generally, cars with higher engine power, higher performance, higher repair costs, and higher likelihood of theft or damage are placed in higher insurance groups than small cars. Cars with lower engine power, lower performance, lower repair costs, and lower likelihood of theft or damage are placed in lower insurance groups. For example, a small and economical city car like the Volkswagen Up is in group 1, while a powerful and luxurious sports car like the Ferrari 488 is in group 50.
Why is car insurance so high for new drivers?
Car insurance is so high for new drivers because they are considered to be a higher risk by insurance companies. According to ABI, new drivers are statistically more likely to be involved in road accidents, and therefore more likely to make a claim on their insurance. This means that insurers charge higher premiums (the amount of money you pay for your insurance) to new drivers to cover the potential costs of claims.
There are some ways to reduce the cost of car insurance for new drivers, such as paying a higher excess (the amount of money you pay if you make a claim), taking out black box insurance (a type of insurance that monitors your driving behaviour and rewards safe driving), low insurance cars, or choosing a car with a low insurance group (a rating system that indicates how expensive a car is to insure).
If you’re a new driver, then finding affordable insurance can be tricky. By getting a cheap first car, you might find that there are lower insurance premiums and if you may find yourself bagging some cheap insurance, rather than it being considerably high and unaffordable.