Car Insurance For Young Drivers - Revealed: The nine cheapest cars to insure for new drivers with the Peugeot 107 and Citroen C1 topping the list
Car insurance for young drivers is more expensive, with 17-24-year-olds paying upwards of £1,000 a year for the privilege of driving.
Car Insurance For Young Drivers
Car make and model can make a significant difference in how much young drivers spend each year.
How Much Is Car Insurance For Teens?
For this reason, rather than looking for a car in the first place, it's worth shopping around for insurance first, rather than saddled with the huge expense of getting behind the wheel.
According to young driver insurer Marmalade, drivers who choose the Peugeot 107 pay significantly less for insurance than other models.
The Peugeot 107 has been named the cheapest car to insure for young drivers in the UK
It found the minimum insurance premium for a 17-year-old with the car was just £740, almost half of what some young drivers pay for their car.
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Young drivers can also reduce their insurance costs by installing a black box, which reduces the accident rate of 17- to 24-year-olds by 73% in their first six months on the road.
Marmalade chief executive Crispin Moger said: “Insurance costs can be significant for new drivers, so we encourage them to consider how much this will cost before they buy their car.
"They may look like they've got a deal on their car, but if the premium is high, for example, without modern safety features, it could be a false economy."
To help young drivers decide which car can save them the most money, Marmalade has revealed the nine cheapest cars for insurance premiums.
Best Car Insurance For Teens And Young Drivers For September 2022
The 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 £1,144, although a 17-year-old can cost as little as £740.
This small car is perfect for new drivers, and despite its small proportions, it offers five doors, which is impressive.
The Citroen C1 gets 69mpg and costs just £110 a year in tax, making running costs very reasonable for this first smart car.
Drivers can choose the 1.0-liter engine or the lively 1.2-liter, with light steering for cruising city streets and parking in tight spots.
Average Cost Of Car Insurance For Young Drivers 2022
The first non-French car on the list costs just £11,182 to insure, but from 17 it's as cheap as £736.
Drivers with a Fiat 500 have an average premium of £1,281, but a minimum of £747.
The Ford Ka has been popular with young drivers since its debut in 1996, and at 24 years old, it's older than many young drivers driving today.
The Fiat 500 rounded out the top five. The Italian car is Marmalade's best-selling car of 2019, combining style and practicality.
Affordable Car Insurance For Young Drivers
Packed with smart technology and surprisingly spacious, the Vauxhall Corsa has won the hearts of a new generation of drivers.
German cars are renowned for their quality, and for those just looking to insure one, a 17-year-old's policy costs £569.
The Polo has been on the market for more than 40 years, but the small car is still a good choice for those looking for a comfortable, reliable and affordable first car.
Young drivers: The average premium for a Renault Clio aged 17-24 is £1,362.
Reduce The Cost Of Car Insurance For Young Drivers
Another popular French model on this list, the fourth-generation Clio is considered the best yet.
Smart cars are affordable to run, and newer models include advanced features such as electronic stability control, anti-lock brakes and emergency brake assist.
The UK's best-selling Fiesta of all time is safe, affordable and great to drive. Available with three or five doors, new drivers cost £1,398 on average.
Drivers can also choose the Powershift or Ecoboost engine or the entry-level economy 1.0 unit from the Sport models.
Car Insurance Advice For Young Drivers: Here's What To Know
Marmalade has calculated average insurance prices based on average new driver premium costs for drivers aged 17 to 24 between January and December 2019. The minimum premium is based on the cost of purchasing black box insurance for a 17-year-old between October 1, 2019 and October 15, 2019. January 2020.
According to separate research by Go Compare, the cost of learning to drive, including a driving course, test and provisional licence, is £647.
However, after passing the new driver's test, this cost rises dramatically, with an average first car costing £3,562, first-year insurance premiums at an average £1,737 and first-year road tax at £125. - Total £6071.
High prices are causing many young people to learn to drive or rely on family members to help pay for their first motorcycle.
Car Insurance For Young Drivers I Comparis
But it's not all bad news, with average insurance premiums for 17-year-old drivers falling by 48.8% since 2012, from £3,932 to £1,737.
The survey found that drivers aged 17 to 24 were looking to insure a Range Rover with an average annual income of £3,400 to £3,600.
However, for young drivers insuring a Peugeot 108 of the same value, the average annual minimum premium is £802, a saving of £1,934 over the year.
Lee Griffin, founder and CEO of Go Compare, said: “Car insurance for young drivers is still expensive compared to older drivers. Statistics show that the type of requirements and costs of newly qualified drivers are expensive for insurance companies and therefore result in higher premiums.
Cheap Car Insurance For Young Drivers
“However, there are some simple steps young drivers can take to stay on the right side of the law and try to keep their insurance premiums as low as possible.
"Choosing the right car, preferably one that's not too old and with a smaller engine to begin with, can make a significant difference to the cost of car insurance and the overall cost of hitting the road in the end."
MaruBlue conducted an online survey in January 2020 with 1,000 randomly selected adults in the UK aged 17-24 who knew or were learning to drive.
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Why Is Car Insurance For Young People So Expensive?
New research has found that the Ford Fiesta is the most popular car among young drivers, who spend an average of £711 when looking for insurance.
However, insuring is not the cheapest. In fact, Citroën's super-rival the C1 is the cheapest, according to MoneySupermarket.
Although 17- to 19-year-olds didn't make it into the top ten, they spent £506 on insurance, £205 less than the Fiesta.
That's still more than the average price for the most popular car in the country, £417 - £294 less than new drivers.
Compare Car Insurance Companies For Young Drivers
The Citroën C1 is the cheapest car to insure for drivers aged 17 to 19.
Over-20s pay an average of 51% less to insure the same car for £347.
MoneySupermarket customers analyzed more than one million quotes between 9 June 2020 and 9 June 2021 to find out the most popular cars among first-time drivers aged 17 to 19 and the typical cost of insuring those cars.
It revealed that the Citroen C1 is the cheapest car to insure new drivers, however, at £506 a year it's still 72% cheaper.
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