Wheely good deals: the 10 cheapest cars to insure in 2023
- The Mazda MX5 boasts the cheapest insurance on average
- For young drivers, the Peugeot 107 is the cheapest to insure
- Tesla, Mercedes-Benz and BMW models are most expensive to insure
When considering a new car, the price of insurance is something that can definitely sway a driver’s decision as one of the key costs of getting on the road. So, to support money-savvy motorists who are trying to keep the costs down, Go.Compare Car Insurance has revealed the ten cheapest cars to insure in 2023.*
|
|
Car |
Average Cost to Insure |
|
1 |
Mazda MX-5 |
£201 |
|
2 |
Toyota iQ |
£209 |
|
3 |
Porsche Boxster |
£224 |
|
4 |
Fiat Panda |
£226 |
|
5 |
Smart ForTwo |
£229 |
|
6 |
Saab 9-3 |
£230 |
|
7 |
Mercedes SLK |
£231 |
|
8 |
Citroen Xsara |
£233 |
|
9 |
Suzuki Jimny |
£241 |
|
10 |
Suzuki Alto |
£244 |
The new data has revealed that the cheapest car to insure is the sporty Mazda MX-5, with an average car insurance cost of just £201. The petite Toyota iQ takes the number two spot with insurance costing £209 on average, followed by the Porsche Boxster at £224.
On the other end of the scale, the most expensive car to insure is Tesla’s Model Y which, with annual comprehensive insurance at £841 on average, is more than four times more costly to cover than the Mazda MX-5. This is followed by the Mercedes-Benz GLE (£835) and BMW M4 (£766).
As age and experience are significant factors when it comes to the cost of car insurance, younger drivers can expect to pay more - but choosing their set of wheels wisely could help new road-users make a significant saving. The data shows that the cheapest car for under-25s to insure is the Peugeot 107, at £528 - which is £141 cheaper than the number 10 cheapest car to insure, the Vauxhall Adam (£669).
|
|
Car |
Average Cost to Insure for drivers aged under 25 |
|
1 |
Peugeot 107 |
£528 |
|
2 |
Citroen C1 |
£543 |
|
3 |
Volkswagen Up! |
£546 |
|
4 |
Ford KA |
£581 |
|
5 |
Hyundai i10 |
£594 |
|
6 |
Mini One |
£603 |
|
7 |
Fiat 500 |
£606 |
|
8 |
Suzuki Swift |
£644 |
|
9 |
Toyota Aygo |
£653 |
|
10 |
Vauxhall Adam |
£669 |
Commenting on the data, Go.Compare car insurance expert, Ryan Fulthorpe, said: “Not all drivers stop to consider how their insurance costs might change depending on the car they choose - but the truth is that it can vary quite widely.
“Insurers consider a number of different factors when it comes to providing your insurance quote, including not only the age, experience and driving history of the motorist, but also the kind of car being driven.
“The kind of safety features your car has, its age, the size of its engine and how powerful it is will all likely affect the cost of your insurance. So, it’s well worth scoping out your options before you commit to a car purchase. By taking a few minutes to compare car insurance online, you can quickly calculate the costs of getting on the road and help make sure you find a dream car - and avoid the nightmare of unexpectedly high costs.”
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
*Data source: 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 or Kath Chadwick at Go.Compare on lynsey.walden@gocompare.com or kathryn.chadwick@gocompare.com.
Keep up-to-date with Go.Compare on Twitter; @GoCompare
Notes to Editor
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 go.compare or here https://www.futureplc.com/brands/.