Cheap car insurance policies can be challenging to maintain, not because they are scarce, but because they change from one day to the next, with different rates rising and falling. It’s almost as unpredictable as the stock market, or rather, the import and export trade. But well, no need to worry anymore. You have almost made, and especially, for the youths.
In 2016, the average premium car cover for a driver, under 25, was £1,520. In just a year, it shot up by £111 to £1,631. However, different premium packages for different places and cars differ. Some vehicles may be relatively cheaper compared to others, and so, are the policies.
But before you venture into this excellent investment, watch out. One inappropriate car purchase and an insurance policy could translate to significant losses. Fortunately, research revealed that some cars might be economical for you to insure.
They cited that, in 2017, drivers aged between 17 and 24 years paid more to cover their vehicles. Therefore, with the right information, you should be able to secure a car and a reliable insurance cover. But again, which are the cheapest cars to insure?
Top 10 Cheapest Cars to Insure
Your car plays a significant role in determining the best premium insurance policy. However, below are some of the best cars and the most affordable prices you can get.
- 1. VOLKSWAGEN
These cars available in 11 colours, with power steering, heat insulating glass, and DAB can get on average, the cheapest premium cover at £954.
- 2. FIAT 500
The perfectionist cars described by their sassy, seductive and smart styles on average cost Â£11,615, and can get a premium cover with only £994.
- 3. CITROEN C1
These cars are among the newest and cheapest; valued at £8,570. They can be covered with only £1,008, though some insurance firms can charge lower than that amount.
- 4. VAUXHALL ADAM
This is another comfortable car that starts from £11,965. It’s more expensive than the Fiat, but it’s worth it, given its interior is sportier.
- 5. PEUGEOT 107
Peugeot ceased production of the vehicles in 2014, but you get a second-hand car from most dealerships. Moreover, their policies go as far as £1,022.
- 6. SKODA CITIGO
The 5-door award-winning car starting from £8,985 is the best city car under £10,000 in our top ten. However, its premium cover goes for £1,031.
- 7. VOLKSWAGEN FOX
It might not be the van of your dreams, but still, it is worth a look. The VW van gets an average premium policy for £1,035.
- 8. HYUNDAI I10
Great things come in small packages, they say. And for this little compact car, however, it is true. It’s not only ideal in size, but also in price. The vehicle costing Â£8,995 can secure a cover with just £1,036. Well, it might be expensive, but indeed, it is worth it.
- 9. TOYOTA AYGO
You probably might not remember this car, but currently, it goes from £8,995. It’s a car that’s been on younger drivers’ top list for at least a decade, with its cover valued at £1,044. Nonetheless, be sure to compare different insurance companies to be able to secure the most reliable.
- 10. MAZDA2
Of them all, it is the most expensive; both in the annual coverage and in the outright purchase price; it costs £12,695 to buy and to cover it, you will require £1,056.
There are several ways to lower the cost of your car insurance policy, and buying a car in the right insurance group, is high up on the list. Fortunately, in this guide, we have covered the factors that are considered so you can buy a car that will be economical for you. Other vehicles in the insurance group 1 above include:
- The Chevrolet Spark
- Fiat Panda
- Ford Ka Plus
- Kia Rio
- Nissan Micra Hatchback
- SEAT Mii
- Nissan Micra Hatchback
Finally, depending on where you live, the cover prices may differ. For instance, if you have an expensive car or live somewhere with more car crime, you may pay more. Other factors may include your occupation, type of car, sex, age, postcode or even where you park.
But insurance providers don’t have to have it their way all the time. While it’s a crime to say, someone who isn’t the primary driver of a car is, you can add a secondary driver. Besides, it could save you an average of Â£280 per year. With the above information, however, you should be able to secure a good car with an affordable and reliable insurance policy.