Peugeot-go-go! Peugeot 206 tops the list of 10 cheapest cars to insure in 2024
All averaging less than £300 to insure, the list includes models from Porsche, Mazda and Toyota.
New data from Go.Compare car insurance has revealed the ten cars with the cheapest car insurance on average, and they aren’t all the smaller, economy models you’d expect.
Although the cost-of-living is still at a record high and car insurance premiums have risen by 35% in 12 months*, there are still good deals to be had - particularly if you choose your car carefully.
As one of the key costs to getting on the road, your car insurance price can be an important consideration when it comes to buying a new motor. To support money-saving motorists, Go.Compare have done the research and found the ten cheapest cars to insure**:
|
Car |
Average Cost to Insure |
|
|
1 |
Peugeot 206 |
£241 |
|
2 |
Porsche Boxter |
£243 |
|
3 |
Mazda MX-5 |
£249 |
|
4 |
Toyota iQ |
£262 |
|
5 |
Citroen Xsara |
£272 |
|
6 |
Smart Fortwo |
£282 |
|
7 |
Suzuki Grand |
£283 |
|
8 |
Land Rover Freelander |
£288 |
|
9 |
Renault Kangoo |
£297 |
|
10 |
Fiat Panda |
£299 |
The new data reveals that 2024’s cheapest car to insure is the petite Peugeot 206, costing just £241 on average. Surprisingly, Porsche’s iconic roadster - the Boxster - comes in second place at just £243 on average to insure. Having fallen two places, last year’s number one*** - the Mazda MX-5 - is now the third cheapest car to insure, with an average premium of £249.
The list contains a few surprises, with the sporty Boxster and all-terrain Land Rover Freelander proving as affordable to insure as dainty cars like the Toyota iQ and Fiat Panda.
Tom Banks, Go.Compare’s car insurance spokesperson, said: “It’s important to be aware that your car insurance quote depends on a number of different factors. The kind of driver you are, the area you live in, and where your car is parked all have an effect, as well as which car you drive.
“Your choice of vehicle can have a big impact on the cost of your insurance - typically, more powerful, sporty cars are more expensive to insure - whereas cars with smaller engines can be more affordable, not just in terms of insurance, but running costs too.
“It’s definitely worth taking the time to research car insurance before you commit to a car purchase- as this data shows, sometimes the cost of insuring your car isn’t always what yo would expect. So, if you’re on the hunt for a dreamy new set of wheels, take a few minutes to compare car insurance online and avoid any unexpected price nightmares.”
To see the full list of cars that are cheapest to insure, visit: https://www.gocompare.com/car-insurance/cheapest-cars-to-insure/.
Contact Information
Rubie Barker
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.
*** Average car insurance prices for policies paid annually bought through Go.Compare between 1 January 2023 and 31 March 2023.
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/.