Cheap Insurances For Young Drivers - Revealed: Nine cheapest cars to insure for young new drivers, Peugeot 107 and Citroen C1 top the list
The cost of car insurance for young drivers is notoriously high, with 17- to 24-year-olds often paying more than a thousand pounds for the privilege of being on the road.
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The make and model of a car can make a big difference in how much young drivers spend each year.
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For this reason, it may be a good idea to purchase insurance first rather than looking for a car and then incurring huge costs to get behind the wheel.
Drivers who choose the Peugeot 107 will pay significantly less for insurance than other models, according to Marmalade, an insurance company for young drivers.
The Peugeot 107 has been named the cheapest car to insure for young drivers in the UK.
With this car the lowest premium for a 17-year-old car was just £740, revealed to be almost half the price some young motorists pay for their cars.
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Young drivers can potentially reduce the cost of their insurance by installing a black box, which reduces the chance of accidents for 17- to 24-year-olds by 73 percent in their first six months on the road.
Marmalade chief executive Crispin Moger said: “Insurance costs can be significant for young drivers, so we encourage them to think about how much their car is worth before they buy it.
"They may think they've got a deal on their car, but if the cost of insurance is high – for example if it lacks modern safety features – it could be a false saving."
To help young drivers decide which car can save them the most money, Marmalade has revealed the nine cheapest cars in terms of insurance premiums.
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Peugeot 107 tops the list of cars with low insurance premiums. A 12-month policy for 17 to 24-year-olds costs an average of £1,114, although prices can be as high as £740 for a 17-year-old.
The small car is perfect for new drivers and its small size is available with five doors, making it surprisingly practical.
The Citroen C1 is capable of 69mpg and with tax of £110 per year, running costs are very reasonable for this smart first car.
Drivers can choose between a one-liter or more powerful 1.2-liter engine, and light steering makes it easy to navigate city streets and park in tight spaces.
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The first non-French car on the list costs just £1,182 a year to insure, but from the age of 17 it can cost £736.
The average cost of insurance for Fiat 500 drivers is £1,281 but can be as low as £747.
The Ford has been a popular choice among young drivers since its introduction in 1996 – and at 24 years old, it's older than most young drivers own today.
Another design icon, the Fiat 500, entered the top five. Combining style and practicality, the Italian car became Marmalade's best-selling car in 2019.
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Packed with smart technology and surprisingly spacious, the Vauxhall Corsa appeals to a new generation of motorists.
German cars are known for their quality, and for those who want to insure them, a 17-year-old policy can be bought for as little as £569.
The Polo has been on the market for over 40 years, but the little car is still a great choice for those looking for a spacious, reliable and affordable first car.
Young drivers: The average cost of insurance for a Renault Clio aged 17 to 24 is £1,362
Cheapest Insurance For Young Drivers
Another popular French model on the list, the fourth-generation Clio is considered by many to be the best yet.
The smart car comes with reasonable running costs and the new models have advanced features like electronic stability control, anti-lock brakes and emergency brake assist.
Britain's best-selling car of all time, the Fiesta is safe, cheap to run and great to drive. Available with three or five doors and costing an average of £1,398 to insure young drivers.
Drivers can also choose affordable entry-level 1.0 drives from Powershift or EcoBoost engines or sport models.
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Marmalade has calculated average insurance prices for new drivers from January to December 2019 based on the average cost of insurance premiums for drivers aged 17 to 24. The lowest premium was based on the cost of a 17-year-old child with a black box insurance purchase between October 1-15, 2019. January 2020
According to separate research by GoCompare, the cost of learning to drive alone, including driving lessons, tests and a provisional licence, has reached £647.
However, this cost rises significantly after a young driver passes their test, with the average first car costing £3,562, first year insurance premiums averaging £1,737 and first year road tax costs £125. - for a total of £6,071.
The high price tag forces many young people to learn to drive - or help family members buy their first motor.
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But it's not all bad news: the average insurance premium for 17-year-old motorists has fallen by 48.8 per cent since 2012 - from £3,392 to £1,737.
It found the lowest average annual premium for drivers aged 17 to 24 looking to insure a Range Rover for between £3,400 and £3,600 was £2,736.
However, for young drivers insuring a Peugeot 108 of the same price, the average minimum annual premium was £802 - a saving of £1,934 a year.
Lee Griffin, founder and chief executive of Go Compare, said: “Car insurance for young drivers is more expensive than for those with long-term safe driving experience. Statistics show that the type and value of claims for newly qualified drivers are more expensive for insurers, hence the higher premiums.
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“However, there are some simple steps young drivers can take to try and keep their insurance premiums as low as possible while staying on the right side of the law.
"Choosing the right car, preferably one that's not too old and with a small engine to begin with, can make a big difference to the price of your car insurance and ultimately the total cost of your road trip."
In January 2020, MaruBlue conducted an online survey of 1,000 randomly selected British adults, including 17 to 24-year-olds who know or are learning to drive, for GoCompare.
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Most Affordable Cars For Young Drivers Revealed
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Dmg media Contact Us How to File a Complaint Advertise with Us Members Terms and Conditions Do Not Sell or Share My Personal Information Privacy and Cookies Policy Most teenagers can't wait to get behind the wheel of their first car. Finding cheap car insurance can dampen their enthusiasm. Unfortunately, car insurance can be expensive for young drivers. However, there are some good deals to be found on the market if you know where to look.
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For this study, quotes from over 50 car insurance companies available on 2 major comparison sites were analyzed to find the cheapest comprehensive plans for new young drivers in major English cities.
The team collected sample quotes from 50+ UK insurance companies to find out which were the most affordable for young drivers, based on an 18-year-old student. The results showed that the cheapest brand of car insurance for young drivers was Personal Accident Insurance (GA). Overall, the data showed that GA was about 62% cheaper on average than the average of all quotes collected for a young driver, and 18% cheaper than the average of the three cheapest car insurance quotes for a young driver.
Many of the brands come from the UK's biggest car insurance companies - for example General Accident is part of Aviva and Churchill and Privilege are part of Direct Line. You will find that these major car insurance companies can be uncompetitive in pricing for young drivers with their regular car insurance or through a parent company brand (such as Aviva or Direct Line).
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