When choosing your first or a new car, you’ll have different priorities for what you need. You might need extra boot space, you might want it to be more economical, or you might want it to be a specific colour. When you’re picking a new car, you’ll also need to factor in the running costs, like car tax, fuel, and insurance. With the want to get out on the road sooner rather than later, securing fast car finance and cheap insurance is often a priority.
Typically, drivers aged under 25 will pay the most for their car insurance. It’s essential that young drivers shop around for the best quote, so they can avoid paying too much for their car insurance. The type of car will also affect how much insurance you pay, with factors like safety, performance, and security contributing to how much you might have to pay. Cars in the UK are now categorised into insurance groups, set by the Association of British Insurers (ABI). By choosing a car in a lower group, you can find a vehicle with lower insurance.
Using data from GoCompare, below are the cheapest cars for young drivers to insure.
The Volkswagen Up! costs, on average, £549.52 to insure. It will be in insurance groups 2-5, depending on which generation you go for. It can be more expensive to buy outright, costing between £12,000 and £16,000 new, or £1,800 to £15,900 used. It’s a compact and fun car, ideal for city driving but still great on the open road. It scored a maximum of five stars with the Euro NCAP rating, so it’s super safe and perfect for new drivers.
The Skoda CitiGo costs an average of £576.74 to insure. It’s in insurance groups 1-3, so it’s deemed one of the cheapest cars to insure by the ABI. Whilst it’s no longer available to buy new, used CitiGos cost between £1,500 and £9,000. It’s very fuel-efficient and comes in the lower tax bracket, so can be a great cheaper option for young drivers. In 2017, the CitiGo was crowned the safest car for young drivers by Thatcham Research and Co-op Insurance.
The Peugeot 107 costs around £585.60 to insure and is in insurance groups 3-5. It’s not available to buy new but used 107s cost between £650 and £4,300. Not only can they be cheap to buy, but they’ll also be cheap to run, with good fuel economy and low car tax. It’s a safe and reliable car that is still fun to drive.
The Fiat Panda costs an average of £589.44 to insure and is in insurance groups 6-8. If you’re buying new, it will cost between £11,000 and £12,400 – used will cost between £1,325 and £13,340. This car has a unique and trendy design whilst still being practical. It’s compact but still roomy, with a big boot and plenty of headroom. It’s perfect for city driving but can struggle on the motorway.
The Citroen C1 costs around £592.54 to insure, on average. It’s in insurance groups 6-13. To buy new, it costs between £10,000 and £12,900. Used, it costs £2,300 to £11,000. It’s a smart little car, which is nifty to drive and handles well. It received four out of five stars for the Euro NCAP safety rating.
The Fiat 500 costs around £611.13 to insure, with various models coming in insurance groups 9-15. To buy new, it will cost around £11,000, and used models go for between £1,900 and £10,000. This iconic and stylish supermini comes in many design options and colours so you can find the car that suits your personality. It has large windscreens, making for great visibility. It’s easy to drive and manoeuvrer.
The Hyundai i10 costs, on average, £611,80 to insure and is insurance groups 1-7. To buy new, it costs between £9,000 and £18,000. Used models cost between £1,500 and £16,000. It’s an economical and reliable car which handles well. It’s small and light so it’s great for city driving. It received a 4-star safety rating from Euro NCAP.
The Peugeot 108 costs around £620.53 to insure and come sin insurance groups 6-12. It costs between £11,800 and £14,000 to buy new, and used models go for between £3,500 to £13,000. It’s a compact and safe supermini, with four out of five stars for the Euro NCAP safety rating. It’s a comfortable and quiet drive, best suited to city driving.
At Euphoria Finance, we know how expensive it can be to get on the road as a new driver. If you’ve just passed your test and you’re looking for your first car, Euphoria Finance offers great new driver finance deals so you can get the car that you want, with affordable monthly repayments. We even offer poor credit car finance for those who want to get on the road but may have faced financial implications in the past. You can get a quote online today or discuss your needs with one of our experts by calling 01282 509609.