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The best cars to insure on a budget

The best cars to insure on a budget

to get cheap car insurance quotes depends not only on your circumstances, the car you drive also plays a major role. Here, comparison site mustard.co.uk shares their thoughts on five of the best cars to insure if you’re on a budget.

How do cars affect the cost of insurance?

All cars made for the UK market belong to one of the 50 insurance groups, the lower the group number, the cheaper the car is to insure.

A number of factors affect the group to which a car belongs, including:

  • How much is it
  • How big is the engine?
  • The cost and ease of obtaining replacement parts
  • The cost of labor

Always keep in mind that the insurance group depends on the specification of each car. For example, a Ford Fiesta could be in Groups 2 and 17 depending on the characteristics it has.

If you’re in the process of buying a new or nearly used car, look for cars in groups one and two, as these will help you get the cheapest auto insurance deals – here are five of the best to consider.

1. Volkswagen Polo

VW is known for its reliability and the Polo is a popular and solid choice if you’re looking for a car you can rely on. Reviews note that it feels more expensive than it actually is and it has plenty of boot capacity, making it a cost-effective option for anyone who needs the extra space.

2. Volkswagen Up!

Another VW, the Up! is small, neat and perfectly designed for city roads. Reviewers have also rated the Up! hailing it as the leading car in its class (up against the Toyota Aygo and the Kia Picanto).

As a city car, the engine is only 1.0 litre, but that’s enough for city driving and the occasional highway ride.

3. Skoda Fabia

The Skoda Fabia has always been well regarded, especially by the younger crowd who may not remember the Skodas of yesteryear.

The Fabia offers an overall comfortable ride, but it’s happiest in cities where it doesn’t have to hit highway speeds (which it can, it’s just slow). Inside, it offers you everything you need: good visibility and plenty of space for a small car.

4. Nissan Micra

Like the other cars in this list, the Nissan Micra is best for driving in built-up cities. It’s light to handle and fast enough for urban roads, but it has limited legroom for rear-seat passengers and insufficient luggage space.

However, if it’s just you and a front passenger, the cost makes up for the lack of space, as it’s cheap to buy, maintain and insure.

5. Kia Picanto

The Picanto comes with Kia’s seven-year warranty, so buying a brand new one can give you some much-needed peace of mind. That said, the Picanto typically scores very well for reliability based on owner satisfaction surveys.

The Picanto also handles well on test drives and reviewers note that the turning circle is small, making it ideal for city driving. Overall it is a quality car that is reliable, drives well and also has a decent amount of luggage space.

Tips to get the cheapest car insurance

Once you’ve found a car you like, you can keep your car insurance costs as low as possible by:

  • Pay your policy in one go — installments can be useful, but you also pay more in total thanks to the extra interest costs.
  • Increasing your voluntary deductible – this may lower your overall premium but it should still be affordable as you cannot proceed with a claim until you have paid it.
  • Keep your car safe — investing in a immobilizer can help you get rid of the coverage costs a little more.
  • Add a named driver — adding a more experienced driver to your policy can keep costs low, especially if you are a young driver.
  • Opting for a telematics policy — Telematics insurance bases your premium on the way you drive, so good drivers are rewarded with lower premiums.

Of course, the quickest and easiest way to find the best auto insurance deals is to compare quotes. By shopping around you can see who is offering what and for how much, so you can make informed decisions about what is value for money. To get started, go to mustard.co.uk where you can compare leading UK insurers in just five minutes.

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