Cheap Car Insurance: Cheapest cars for young drivers

Posted May 9, 2013 by Student Profit Staff

Ford Ka

Getting cheap car insurance if you’re a teenager can prove more difficult than revising for your exams, but here’s a handy little run down of the cars to start looking at!

If you have just recently passed your driving test and you have ripped up your L-plates, you may now want to go out and buy the car you have always dreamed of that is affordable within your budget.

But most people who are celebrating passing their test are aged between 17 and 20, and it is in this age bracket that insurers will place a high premium on young drivers for a number of reasons.

If you are aged 17 to 20 years you may be celebrating the fact that you have passed your driving test but those celebrations will soon be dampened somewhat when you start to phone around a number of insurance companies to get a quote on what your annual car insurance will be. The problem young drivers have is they’ve little or no experience on their side, no chance of building bonus from no-claims years and are bracketed as the highest age group for having an accident.

It is for these reasons that insurers naturally penalise the 17 to 20 year age group. But don’t despair just yet because there are a number of cars that are actually cheap to insure for young drivers.

As a young driver, you may have passed their tests but one of the biggest barriers behind getting out there on the road is the cost of the insurance and this figure can be as much as the vehicle itself.

For example a Honda Civic or a Volkswagen Golf will set you back more than £4,000 in yearly insurance premiums alone. Buying a Vauxhall Astra or Ford Focus will cost well over £3,500 to insure each year. That’s a monthly bill of £300.

So what are the cheapest cars to insure for young drivers? If you are looking to get behind the wheel without paying a king’s ransom for insurance then go for a Ford Ka2, at £1,651.40 per year this would only work out to be around £137 per month.

Even a Peugeot 107 would only set you back around £1,994.42 per year (a monthly cost of £166.20) and a Daewoo Matiz at £2,258.26 annually (£188.19 per month) sounds much better than going for the sportier vehicles like the Ford Focus or Honda Civic. Furthermore you will save around £250 every month!

The Mini One is also another popular vehicle for the young ladies and at £2,268.85 per year (£189.07 monthly) it should still be one of the cheapest cars to insure for 17 to 20 year olds.

Top five cheapest cars to insure for 17-20 year olds

CarYearly insurance premiumMonthly insurance premium
Ford KA2£1,651.40£137.62
Ford KA£1,781.25£148.44
Peugeot 107£1,994.42£166.20
Daewoo Matiz£2,258.26£188.19
Mini One£2,268.85£189.07

Source: Confused.com

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