- Five cheapest electric cars to insure
- 10 cheapest ‘most popular’ cars to insure
- 10 cheapest family cars to insure
Car insurance
Admiral’s car insurance pricing index analyses prices from its motor customers each month and has revealed the cheapest electric cars, most popular models and family cars to insure based on average premium paid last month. It also looked at the most affordable cars for 17-year-olds to insure.
For drivers opting for an electric vehicle, the MG MG4 is the cheapest model to insure, with an average premium of £509.60 in October.
At the other end of the scale, the Tesla Model-Y is the most expensive EV to cover with the average premium coming in at £1,228.21.
When considering the ten most commonly driven vehicles in the UK, the Nissan Qashqai came out on top as the most affordable to insure, while BMW 1 Series drivers have the highest average premiums in the top ten most popular models.
The Ford Puma topped the list of cheapest family cars to insure with an average premium of £385.94.
Cheapest cars to insure
The experts, however, warned that when it comes to insurance premiums age also matters.
In fact, Admiral’s data revealed the youngest drivers have the highest premiums across all age groups, with the average premium for 17-18-year-olds coming in at £1,207.73.
This is 68 percent more than the national average of £719.68, and more than double the average premium of £594.11 for over 65s.
Clare Egan, Head of Motor Product at Admiral said: “You may wonder why your insurance is higher than a neighbour with a similar car, but when we price for car insurance, there are lots of factors taken into consideration to calculate a premium based on the risk someone presents to us.
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“These don’t work in isolation but are assessed together to work out the likelihood of the customer making a claim in future. As a result, prices will vary from customer to customer.
“Age is one of these pricing factors and it can be expensive for a young person to get on the road as our index shows.
“Younger drivers pay more for their insurance because they are more likely to have an accident than older drivers, and the accidents they have are more expensive.
“There are things that you can do to help keep premiums down, such as considering the type of car you drive, being accurate with your mileage, increasing your excess and paying annually.
“One of the most effective methods for lowering insurance costs for young drivers is telematics or black box insurance.
“These small devices measure how you drive and reward safe drivers with discounted insurance.”
Five cheapest electric cars to insure
- MG MG4 – £509.60
- Volkswagen ID – £513.55
- Polestar – £587.79
- Nissan Leaf – £609.35
- BMW 13 – £629.39
car insurance costs
10 cheapest ‘most popular’ cars to insure
- Nissan Qashqai – £594.04
- Ford Fiesta – £709.96
- Renault Clio – £719.85
- Ford Focus – £720.14
- Volkswagen Polo – £732.75
- Vauxhall Corsa – £737.31
- Toyota Yaris – £739.51
- Volkswagen Golf – £749.97
- Vauxhall Astra – £762.65
- BMW 1 Series – £780.04
10 cheapest family cars to insure
- Ford Puma – £385.94
- Volkswagen T-Roc – £457.28
- Skoda Karoq – £477.45
- Renault Kadjar – £484.65
- Kia Sportage – £499.60
- Fiat 500 – £509.21
- Volkswagen ID – £514.63
- Dacia Sandero – £519.30
- MG MG4 – £526.29
- Citroen C1 – £539.96
Keyword: The cheapest cars to insure including Nissan, Ford and Volkswagen - full list