Driving down the cost: 2024’s cheapest cars for young drivers to insure
Forget paying thousands – Go.Compare reveals ten cars under 25s can insure for less than £900
Car insurance prices have been going up across the board – having risen by 35% in 12 months* – and as those typically facing the highest premiums, finding a good deal is even more important for young drivers.
While learner drivers might think passing their test is the biggest hurdle to getting on the road, an unexpected insurance bill make things even more difficult. However, new data from Go.Compare car insurance has revealed that some motors may be far more affordable than others. The ten cheapest cars for drivers under 25 to insure are**:
|
Car |
Average Cost to Insure |
|
|
1 |
Citroen C1 |
£749 |
|
2 |
Ford KA |
£782 |
|
3 |
Kia Picanto |
£809 |
|
4 |
Hyundai i20 |
£840 |
|
5 |
Fiat 500 |
£845 |
|
6 |
Peugeot 107 |
£855 |
|
7 |
Mini Cooper |
£878 |
|
8 |
Vauxhall Adam |
£879 |
|
9 |
Volkswagen UP! |
£883 |
|
10 |
Toyota Aygo |
£897 |
Citroen’s C1 tops the chart as 2024’s most affordable car for under 25s to insure, with an average premium of £749. This nifty little car is a popular choice for young drivers, as it’s generally quite affordable to buy and boasts low running costs.
Costing slightly more at £782 on average, the Ford KA comes in second place, with the Kia Picanto the third cheapest to insure (£809). Elsewhere in the top ten list are the ever-popular Fiat 500, the iconic Mini Cooper and the Peugeot 107.
Tom Banks, Go.Compare’s car insurance spokesperson, said: “Smaller and less powerful cars are often a great choice for young drivers, as they are typically less expensive to insure. Our latest data certainly proves this, with miniature motors such as the Fiat 500 and Ford KA currently boasting the least pricey premiums.
“However, when it comes to choosing your first set of wheels, it’s important to be aware that your car insurance quote depends on a number of different factors – not just the car itself. The area you live in, where your car is parked and how you intend to use it will all have an effect on your premium. It’s important to think about the big picture, too, so think about the car’s maintenance and running costs as well before you commit to a purchase.
“Ultimately, researching your car’s insurance costs carefully can really help keep costs down. So, take a few minutes to compare car insurance online and make sure you’re road-ready.”
To see the full list of cars that are cheapest to insure, visit: https://www.gocompare.com/car-insurance/cheapest-cars-to-insure/.
- Ends –
Contact Information
Rosie Johns
Notes to editors
Notes to editors
*Cost of car insurance by quarter. Median premium paid by all customers of all ages, for annual payments all car insurance policies bought through Go.Compare. More information can be found here: https://www.gocompare.com/car-insurance/guide/how-much-does-car-insurance-cost/
**Data based on Car Insurance purchases made through Go.Compare between 01 Jan 2024 and 31 Jan 2024. Quotes where no premium was returned and test quotes are excluded. Only includes models with 50 or more sales for the specified age group.
For further information please contact:
Lynsey Walden – lynsey.walden@gocompare.com
Kath Chadwick – Kathryn.chadwick@gocompare.com
Or you can call 02920 020360.
Keep up-to-date with GoCompare on Twitter; @Go.Compare
Notes to editors
About Go.Compare
Go.Compare is a comparison website that enables people to compare the costs and features of a wide variety of insurance policies, financial products and energy tariffs.
It does not charge people to use its services and does not accept advertising or sponsored listings, so all product comparisons are unbiased. Go.Compare makes its money through fees paid by the providers of products that appear on its various comparison services when a customer buys through the site.
When it launched in 2006, it was the first comparison site to focus on displaying policy details rather than just listing prices, with the aim of helping people to make better-informed decisions when buying their insurance. It is this approach to comparing products that secured the company an invitation to join the British Insurance Brokers’ Association (BIBA) in 2008, and it is still the only comparison site to be a member of this organisation.
Go.Compare has remained dedicated to helping people choose the most appropriate products rather than just the cheapest and works with Defaqto, the independent financial researcher, to integrate additional policy information into a number of its insurance comparison services. This allows people to compare up to an extra 30 features of cover.
Go.Compare is part of Future Plc and is authorised and regulated by the Financial Conduct Authority (FCA).
More information can be found here www.gocompare.com or here https://www.futureplc.com/brands/.