A recent survey by an insurance price comparison website has revealed the cheapest cars for young drivers to insure in a bid to help first time motorists keep their driving costs to a minimum.
17-20 year old drivers pay the most for insurance on average as they are deemed a higher risk category to insure, and that, coupled with the spiralling cost of motor insurance which has seen premiums jump by as much as 30% in one year, is forcing many young drivers off the road as they simply can’t afford to run a vehicle.
In an attempt to help young drivers keep their costs down, price comparison website, Confused.com, carried out research across a range of insurance providers to determine which vehicles are the cheapest to insure for motorists aged between 17-20 years of age.
Out on top as the cheapest option for young drivers was the Ford Ka, followed by the Peugeot 107, both of which have small engine sizes and are not especially targeted by thieves, helping to lower the cost further. One of the most expensive vehicles for young drivers to get insurance on was found to be the Honda Civic which cost on average £4,006 to insure for the year.
The research also highlighted how the use of price comparison websites can help reduce premiums as young drivers who shop around can save as much as £594 on their annual premium.
Sainsbury’s is the latest supermarket names to announce its going into the insurance market putting the business in direct to competition with another leading supermarket, Tesco.