The cars with the lowest average premiums as drivers struggle with rising cost of living
Auto insurance experts have revealed the cheapest models to insure, whether you’re looking for your very first car or something to carry the whole family.
Smart parents can pay just £300 a year by choosing the right family model – saving more than £100 above the average premium – while new drivers can save hundreds of pounds by opting for a cheaper vehicle.
While other factors, such as your age, driving experience and zip code, all affect the price you pay, the car you drive is also a central part of calculating your premium. With that in mind, Admiral Insurance processed the data from five million customer inquiries to identify the cars with the cheapest average premiums in various categories, including family cars, sports cars, electric cars and new driver cars.
Cheapest cars to insure for new drivers
Young and newly qualified drivers constantly face the highest insurance costs of any group, so choosing the right models can save you hundreds of dollars a year.
Small cars with less powerful engines are your friend here, with the Volkswagen Up the cheapest model for 17 year olds to insure, at an average cost of £710.87. The Ford Ka (£780) and Fiat 500 (£783) are close behind, ahead of the Toyota Aygo (£790), Hyundai i10 and Kia Picanto.
For the wider 17-25 age group, the Skoda Citigo – a rebadged Up – is the cheapest option, but the Up is the second cheapest option and several top 10 models are the same, with the Up, Peugeot 107, Citroën C1 and Fiat 500 is on both lists.
Cheapest family cars to insure
The Admiral figures showed that Ford Puma’s compact SUV was the most affordable family car to insure, with an average premium of £307.42 for the fun and surprisingly roomy crossover.
Thanks to the way Admiral classifies a “family” vehicle, the VW Up also surprisingly appears on this list, with an average premium of £309. It’s a great city to run around in, but we wouldn’t recommend buying a family of four on vacation in one.
Behind that, small to mid-sized SUVs dominated the list, with Skoda’s Karoq and Kamiq models alongside the related Volkswagen T-Roc and Seat Arona, as well as the budget-friendly Dacia Duster and MG ZS.
Cheapest sports cars to insure
With their high performance and desirability, sports cars will always be more insurable, but the Porsche Boxster proves it doesn’t have to break the bank, with an average policy cost of £444.92. It is one of four Porsche models on the list, which also includes the Cayman, 911 and Macan. However, the BMW Z4 is the second cheapest, with an average cost of £445, just ahead of the evergreen Mazda MX-5 at £472. Laughingly, the classification includes the Polestar 2 and Tesla Model 3 and Model Y, despite these EVs offer nothing sporty except a fast 0-60 time.
Cheapest electric cars to insure
While those three EVs made it onto the sports car list, none of them were affordable enough to make it onto the list of the cheapest EVs to insure. As well as being one of the cheapest electric cars on the market, the MG5 estate was also the cheapest all-electric model, at £348 a year. The Peugeot e-2008 was slightly more expensive, around £375, with the VW ID.3 separating it from its smaller 208 stable mate and the MG ZS SUV.