Read about some of the cheapest cars to insure

What are the cheapest cars to insure?

Below are the cheapest cars to insure taken from the lowest car insurance groups (1-3) which have been manufactured from 2006 onwards: 

Data collated between July 2016 – Dec 2016, based on car insurance quotes run on MoneySuperMarket.

Cheapest cars to insure for younger drivers

Here are some of the cheapest cars to insure for drivers under 25.

1. Suzuki Splash: average annual price £635.85
2. Fiat Panda: average annual price £663.03
3. Vauxhall Agila: average annual price £667.71
4. Renault Modus: average annual price £670.58
5. Suzuki Alto: average annual price £677.16
6. Citroen c1: average annual price £677.77
7. Skoda Fabia: average annual price £684.99
8. Volkswagen Fox: average annual price £705.78
9. Toyota Aygo:  average annual price £706.28
10. Fiat 500: average annual price £708.97

Data collated between July 2016 – Dec 2016, from cars in insurance groups 1 -3 and manufactured from 2006 onwards. Based on car insurance quotes run on MoneySuperMarket.

What affects my car’s premium?

Running a car can be costly, and a number of factors can push up your car insurance premiums – such as your choice of vehicle.

All cars are given a group rating from 1 to 50 by the Group Rating Panel, with group 1 being the cheapest and group 50 the most expensive. The panel is made up of members of the Association of British Insurers.

Other factors which can impact the cost of your car insurance are your age, driving history, where you live and what you do for a living.

Keeping down your car insurance costs

• Keep your car in a locked garage to minimise the risk of theft and vandalism. If that’s not possible, off-street parking is the next best thing.
• If you drive fewer miles, you are likely to have fewer accidents, so your car will be cheaper to insure. But don’t under-estimated your annual mileage because doing so could invalidate your policy, which means it would not pay out in the event of a claim.
• Drivers who don’t make claims can earn big discounts on their car insurance – sometimes as much as 75% for five consecutive claim-free years. It’s therefore often a good idea to pay for any minor damage out of your own pocket in order to safeguard your no-claims discount.
• People with motoring convictions are considered risky and charged accordingly. So stick to the rules of the road!
• Insurers don’t like modified vehicles and customised cars are often more expensive to insure than standard vehicles.
• If you improve your driving skills by taking an advanced motoring course, you could earn a discount on your premium.
• Most modern cars come with in-built security features, but if you have an older car, you can often negotiate a lower premium if you fit a Thatcham-approved alarm or tracker device.