So, if you’re in the market for a new car but don’t want to end up paying sky-high prices for insurance it definitely pays to know which makes and models of cars are typically cheapest to cover.
There are several things that you can do to bring the cost of your insurance down and choosing a car in a low insurance group is just one of them. We’ve looked at some of the best cars to choose if you want to save money on insurance coverage.
Which Factors are Considered:
The lower a car’s insurance group the cheaper the vehicle will be to insure. And when it comes to deciding on an insurance group for a particular make and model, the following factors are taken into consideration:
1. Repair Costs
In car insurance claims, the cost of repairs to the vehicle makes up a large chunk of the money paid out. So, a big factor in deciding a vehicle’s insurance group is how much it will cost to repair it in an accident. And, the time it would take for the car to be repaired is also taken into consideration.
2. Parts Cost:
In addition to repairs, the cost of new parts for the car is also considered. The lower the cost of parts, the lower the insurance group. A car with parts that are easily and cheaply sourced is the best option for cheap car insurance.
3. Car Performance:
Statistics show that high-performance cars that can reach very high speeds are more likely to make insurance claims. So, it’s a wise idea to consider the acceleration and top speed of a car if saving money on car insurance is a priority.
Finally, the security of the car is also taken into consideration before assigning an insurance group. You will certainly be more likely to save money on car insurance by choosing a car with several security features such as an alarm, immobiliser, and GPS tracking.
If you’re looking for cheap car insurance, then one of the best cars to be driving is a Nissan Micra. This car has been around since the 1980s and is one of the most popular models among young drivers. And, the latest version is a far cry from the clunky older models – it’s a sleek city car filled with modern features.
Since the first models came out in 1975, the Volkswagen Polo has been a favourite small car of new and experienced drivers alike. The new, sixth generation model is set to be just as popular as its predecessors this year, and with certain versions in insurance group 1 it’s a great choice of wheels for cheap insurance.
It’s a firm favourite amongst new drivers; the sensible, reliable Vauxhall Corsa is a common sight on today’s roads for a very good reason. And the latest generation of this car has two models, the Sting, and the Life, which are both reasonably cheap to insure, in insurance group 2.
If you’re looking for something bigger than a supermini, look no further than the Kia Rio – it’s a great car for small families and with models starting in insurance group 2, getting covered won’t break the bank either. And it’s the perfect car for the environmentally conscious driver, thanks to its low CO2 emissions.
A compact yet surprisingly spacious little car, the Hyundai i10 is a great choice for new drivers thanks to its many entertainment features. And the second-generation Hyundai i10 has been placed in insurance group 1, making it much cheaper to insure than previous models.
The Ford Fiesta is another car that’s been with us through the decades, with the first models introduced back in 1976. Today it’s been completely modernised and is a slick hatchback that’s as nice to drive as it is to look at. And the latest model has two style trims in insurance group 2, making it an ideal choice for cheap insurance too.
Thanks to its low price and reliable engineering the latest generation of the Skoda Citigo is in insurance group 1. It’s compact, yet very spacious on the inside, making it the perfect car for driving on busy streets and squeezing into small parking spaces.
Whilst your choice of car can certainly bring car insurance prices down, don’t forget to consider other factors. Your address, job, claims history, yearly mileage, and where you park are all some factors that could bring your premium up or down. The best way to find out how much you can expect to pay is to get a quote from a comparison site such as CompareNI.com (this example will lead you to the best NI car insurance, but you can easily find quotes for other areas of the UK online too). If you visit their website, all you need to do is simply enter the reg number of the car you’re hoping to insure, complete your driver profile, and find out how much insurance will cost you.
Which of these cars would you like to drive?