Research on average insurance quotes has revealed the best value cars for people who’ve just passed their test. The research, from driving instructors at Local Driving School, found that people purchasing a Volkswagen UP will enjoy the lowest first year car insurance costs.
What are the cheapest cars for first year insurance?
No surprise to learn that small, low powered cars win this battle. Overall, the car with the lowest first-year insurance cost is the Volkswagen UP. At just £1,483 per year on average, this hatchback is a bargain to insure, and £140 cheaper per year than the second place Citroen C1. £20 in road tax per year (pre-2017) and an average monthly lease cost of just £67 sweeten the deal further for those looking to head out onto the roads at the best value price point.
Here are the cars with the lowest first year insurance costs:
1. Volkswagen UP – £1,483 per year
1. Citroen C1 – £1,623 per year
2. Hyundai I10 – £1,627 per year
3. Ford KA – £1,650 per year
4. Toyota Aygo – £1,755 per year
Are you feeling flush after firing up your Instagram audience as a teenager and spending those You Tube ad revenue payments? Then splash out Here are the cars with the highest first year insurance costs:
1. BMW 1 Series – £3,552 per year
2. Volkswagen Polo – £3,077 per year
3. Volkswagen Golf – £2,873 per year
4. Ford Focus – £2,845 per year
5. Mini Cooper – £2,844 per year
Why no Ferrari or Lambo you ask? Simple really, the insurance industry just doesn’t insure young drivers for supercars, or even more modest GTi type sports models. Come back when you’re 23-25 with 3 years NCD and they will think it over, or speak to a High Net Worth broker, assuming you have over 1 million in assets.
How affordable are the most popular cars?
The UK’s most popular car, the Ford Fiesta, sits at an average of £2,354 to insure for a driver’s first year on the road. However, if you opt for a pre-2017 EcoBoost model, £0 road tax and high fuel efficiency reduce this car’s costs.
IE Note: Worth noting that the later EcoBoost engines are more expensive to service and repair, plus they should have had a Ford recall and upgrade to the coolant pipe, which was a well documented failure on early models, causing the engine to overheat or seize up.
Claire Davies, Marketing Manager at Local Driving School: “Car insurance is all about risk – with the popularity of the VW Polo, insurers also see lots of accidents and claims for this model, which result in higher insurance costs. Certain trim levels and specifications can also change the insurance group of a car dramatically.
“To avoid any costly surprises, check insurance quotes on the exact model you’re looking at before buying, and compare this to similar models with different specifications. The smallest details can massively change the quoted price from these averages. We also recommend checking the safety ratings of the cars you’re comparing – a high safety rating should be an important consideration in any purchase.”