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 just got your 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 ‘be sensible’! What this means is that since you know you are just starting out and because of that the insurance world is going to be tough on you, you need to make sensible decisions. And one of the sensible decisions to make is which car to buy?

Some of you may know and others probably don’t but the type of car that you will be driving plays an important role in determining how much you will be paying for car insurance. You may want to read through the list of factors which determine insurance quotes to get a better idea on how insurance premiums are calculated as well. However insurers typically classify the types of car in different groups, ranging from 1 to 20. These are called the insurance groups and the higher the group you car falls into, the higher will be the insurance premiums. Here is a list of cars which are cheap to insure though:

• Vauxhall Corsa
• Fiat Punto
• Renault Clio
• Ford Fiesta
• Peugeot 107, 206, 207
• VW Polo
• SEAT Ibiza
• Smart

What makes these cars cheapest to insure then?

The cars listed above fall into the lower insurance group of 1-4; 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 in financing a courtesy car for you during the time your car is being repaired at a garage and they reward you for that by lowering the insurance 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 lot of money to replace your car.

These are the main reasons why it is cheaper to insure the above cars and why you as a new/young driver should aim at purchasing one of these cars to get the cheapest insurance quote possible on the market. 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 insurance-wise and also in maintaining the cars and allow you to build enough no claims bonus to get your desired car after a while and at a reasonable price! 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 is this motive enough to justify paying such high insurance premiums when we all could do with a bit of saving for the rainy days? COMMENTS (2)