Most Affordable Insurance For Young Drivers – Featured: Nine of the smallest cars for young new drivers to check out The Peugeot 107 and Citroen C1 top the list.
Car insurance prices for young drivers are notoriously high, with 17 to 24-year-olds often paying more than a thousand pounds a year for the privilege of being on the road.
Most Affordable Insurance For Young Drivers
The make and model of a car can make a big difference in how many young drivers are involved in accidents each year.
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For this reason, it is better to shop around for insurance than to get a car and then put a high price behind the wheel.
Drivers who choose the Peugeot 107 pay less for insurance than other brands, such as Marmalade, a small car insurance provider.
The Peugeot 107 has been named the smallest car to appeal to young drivers in the UK
It turns out that the lowest price for a 17-year-old with this car is just £740, almost half the price some young drivers pay for their car.
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Young drivers can save on their insurance costs by wearing a black box, which reduces the chance of 17 to 24-year-olds getting into an accident within six months on the road by 73 percent.
Crispin Moger, chief executive of Marmalade, said: ‘The cost of insurance is very important to young drivers, so we always encourage them to consider how much this is before they buy their car.
“They may think they’ve got a bargain with their car, but if the insurance costs are high – for example if they don’t have the latest safety features – it could be false finance.”
To help young drivers decide which car can save them the most money, Marmalade presents the nine best car insurance premiums.
Best Car Insurance For Young Drivers
The Peugeot 107 tops the list of cars with the lowest prices. It costs an average of £1,114 for a 12-month policy for 17 to 24-year-olds – although terms can be as low as £740 for a 17-year-old.
This small car is suitable for new drivers, although it is small, it can be found with five doors, which makes it amazing.
The Citroen C1 can get 69 miles per gallon and with tax of £110 a year, running costs are very reasonable for this first small car.
Drivers can choose between a single liter or a larger 1.2 liter engine, and the 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 confirm but can be had for as little as £736 from 17.
The average cost of insurance for drivers with a Fiat 500 is £1,281 – but it can be as low as £747.
The Ford Ka has been popular with young drivers since it first came out in 1996 – 24 years later, it outnumbers today’s young drivers.
Entering the top five is another type of design – Fiat 500. The Italian car is the best-selling Marmalade car in 2019, a combination of simple style.
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Packed with smart technology and an impressive cabin, the Vauxhall Corsa belongs to a new generation of cars.
German cars are renowned for their quality and for those looking to insure one, 17 year policies can be had for as little as £569.
The Polo has been in the market for over 40 years and is still a small car.
Young drivers: The average cost of insurance for a 17 to 24 year old with a Renault Clio is £1,362.
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Another popular French model on the list, the fourth generation Clio is widely considered to be the best.
The modern car comes with affordable operating costs, and the latest models come with excellent features, such as electronic stability control, anti-lock brakes and emergency brake assist.
Britain’s best-selling car of all time, the Fiesta is safe, fun to drive and great. Available in three to five doors, the average price of £1,398 will satisfy young drivers.
Drivers can choose Powershift or Ecoboost engines or sport models up to the 1.0 economy class.
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Marmalade has calculated the average insurance price based on the average price of new driver insurance premiums from January to December 2019 for drivers aged 17 to 24. The lowest price is based on the price of a 17 year Black Box Insurance purchase between 1 October 2019 and 15 January 2020.
The only cost of learning to drive, including driving lessons, tests and provisional licences, is up to £647, according to a range of research by Go Compare.
However, this cost rises significantly after a young driver passes their tests the average price of a first car is £3,562, the first year of insurance comes to an average of £1,737 and the first year of road tax is £125 .- a total of £6,071.
High prices are keeping many young people from learning to drive – or relying on family to help them get their first car.
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But it’s not all bad news because the average cost of car insurance for a 17-year-old has fallen by 48.8 per cent since 2012 – from £3,392 to £1,737.
It found that the average annual payment for 17 to 24-year-olds wanting to insure a Range Rover worth between £3,400 and £3,600 was £2,736.
However, for young drivers insuring a Peugeot 108 for the same price, the average down payment is £802 – a saving of £1,934 a year.
Lee Griffin, founder and chief executive of Go Compare, said: ‘Car insurance is more expensive for young drivers compared to those with longer safe driving records. Statistics show the nature and cost of claims for new drivers that are expensive for insurers to settle, so the premiums are high.
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However, there are simple steps young drivers can take to try to lower their premiums while still being able to stay on the right side of the law.
Choosing the right car, perhaps not too old and with a small engine to begin with, can make a big difference in the value of the car. Car insurance and end of road value.’
MaruBlue conducted an online survey of 1000 British parents who were selected with children aged between 17 and 24 who could drive or learn to drive Go Compare in January 2020.
Your Legal Rights Your Legal Rights Car Insurance Compare policies Peace of Mind Peace of Mind Car Service Warranty Cover One or More Years Save 40% One or a Year 5,000+ Customers 5,000+ Fast Dealers Up to £1,000 extra a year MOTs easily ordered online
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Finding The Cheapest Car Insurance For Teens
To help you get the most value for money, quotes from more than 50 car insurance companies available on two comparison sites have been analyzed. Here, we’ve found the cheapest comprehensive plans in England’s major cities for new young drivers.
We have collected over 50 sample quotes from UK suppliers, based on an 18 year old male student.
We got the lowest quote by far, from General Accident Insurance (GA). In fact, our data showed that GA is about 62% lower than the average of all the languages we found, and 18% lower than the three lowest-ranking languages.
It is worth knowing how these quotes are calculated with some UK car insurance companies. For example, General Accident is part of Aviva and Churchill and Priority is part of Online. In most cases, you will find that these big parent companies don’t really compete when it comes to car insurance for teenagers, but they do offer better deals through their affiliates.
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We have listed 15 of the easiest suppliers
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