List of the cheapest cars to insure

Car insurance can be really expensive, especially for new drivers who have just passed their driving test. So whether you are a young driver or an older driver who've just got their driving license, you will probably struggle with high insurance premiums for the first few years until you build your no claims bonus. Until then, what you can do is to ‘be sensible’ and buy a car which is cheap to insure?

Top 5 cars which are cheap to insure

For the lowest car insurance premiums, choose from the following cars:
Vauxhall Corsa - 2006 onwards

Fiat Panda - 2004 onwards

Chevrolet Spark - 2010 onwards

Citroen C1 - 2005 onwards

Volkswagen Fox - 2006 onwards


Other cars which fall in the low insurance group rating are:

• Renault Clio
• Peugeot 107
• Volvo S40 & V50
• Toyota Yaris & Aygo
• Smart Fortwo Coupe

Some of you may know but for others who don't, the type of car that you will be driving plays an important role in determining how much you will be charged for car insurance. You may want to read through the list of factors which determine car insurance quotes to get a better idea on how insurance premiums are calculated. However insurers typically classify the types of car in different groups, ranging from 1 to 50 (previously it was 1-20). The higher the group you car falls into, the higher you will be quoted for car insurance.

The cars listed above fall into the lower insurance group, typically 1-15; hence they are the cheapest cars to insure for both new and young drivers. Their parts are readily available and cheaper to buy, so if your car is damaged, it can be repaired quicker and at a lower cost than other cars. Getting a car repaired as quickly as possible saves the insurance company money that it would spend on a courtesy car for you during the time your car is being repaired at a garage and they reward you for that by reducing the insurance coverage costs. The above cars are also cheap to buy so if your car is a total write-off after an accident, the insurance company will not be paying a substantial amount of money to replace your car.

These are the main reasons why it is cheaper to insure the cars mentioned above and why you as a new/young driver should aim at purchasing one of these to benefit the most insurance-wise. Although they may not be the cars which you were thinking of getting in the first place, they will probably save you a lot of money in terms of insurance and maintenance and allow you to build enough no claims discount to get your desired car afterwards. Put it this way, a little patience on your behalf will definitely reward you in maybe a year or two at most. We know that youngsters want a car which they can be proud of and which makes them stand out of the crowd but what you need to ask yourself is whether driving your dream car now justifies for paying expensive premiums?