Cheapest Car Insurance Company For New Drivers – Cheapest cars for new drivers to insure: The top 10 are released as the first-year bill for a new driver to hit the road rises to £6,574 in 2022.
Like everything else, the cost of getting a new driver on the road goes up.
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According to GoCompare, the average total cost of taking lessons, passing a driving test and then buying, insuring and driving your first car is now £6,574, the highest since the pandemic.
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To help drivers decide which models they should consider for their first car, it has revealed the 10 cheapest cars to insure for a young driver aged 17-21.
The high cost of freedom: A 17- to 21-year-old driver will pay more than $6,500 to stay on the road for the first year in 2022, according to a new report.
The total cost of hitting the road for young drivers and their parents, who may be providing financial support, has risen by three-quarters from £6,394 last year.
This is the highest since 2019, when the average income of a new driver was £6,846, but in 2020 this figure has fallen significantly to -$6,071, possibly due to lower insurance premiums due to driving restrictions during the Covid lockdown. , according to the price comparison site.
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The total is a combination of license applications, driving lessons and tests, as well as the cost of the first car, insurance and taxes.
Its latest report said the average price of an older model in August was £17,039, up 16% on the same month in 2021.
For young drivers, who can probably afford an older, smaller used car, this average impact has been more than £200, with the average young driver under 21 spending £3,592 on their first set of tyres. . – compared to £3,366 in 2021.
While the average price of a first car has risen, the cost of insurance has fallen, the report said.
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For 17 to 21-year-olds who bought their first year’s cover through GoCompare between August 2021 and July 2022, they paid an average annual price of £1,430 for a full policy, £42 less than it was. 12 months in advance.
Buying a real first car will have an impact on premiums, as the report shows the cheapest models for new drivers to get insurance.
The report says the cheapest car they insure is the Skoda CitiGo for just £908 a year over 12 months.
These car-like machines, Volkswagen’s Up! and the Seat Mii, were the three cheapest cars to insure, averaging £930 and £960 respectively.
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The small Czech model is roomy and has an impressive 3-cylinder engine. It also offers the cheapest insurance costs for new drivers at £908 a year on average, according to GoCompare.
Are you used to seeing? It should, because Up! it is similar to the Skoda CitoGo. The increase from the original VW badge means average premiums for a young driver under 21 are £930.
The VW Group hat-trick is completed by the Seat Mii. Behind the Seat badge is the same car as the Skoda CitiGo and VW Up!, although the Spanish brand’s latest buyers make it the most expensive of the three at £960.
For years, the Celerio was the second cheapest new car in the UK, behind only the Dacia Sandero. They are simple but reliable, which together with the low average premiums for new drivers of £961 make it attractive.
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The i10 is the Korean car brand’s answer to an affordable price. The older generation car is well-equipped, with a stylish interior and costs new drivers an average of £971 to insure the full package.
Panda has been around since the early 1980s when it offered cheap, basic cars. For younger drivers, this remains the case with an average premium of £983. It doesn’t have the best Euro NCAP crash test record.
Traditional French marques have produced some of the best small cars on the road over the years, and the Citroen C1 is no different. It’s cheap and fun — and pretty reliable because it was co-developed with Toyota. For new drivers, insurance will cost £984 a year.
The 108 has the same equipment as the Citroen C1 above and the Toyota Aygo, can feel a little inside, but the engines are strong and with it all the reliability. The average new driving license is £996, according to GoCompare.
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Coming in at number four is the Peugeot 107 – the older version of the aforementioned 108. It has all the same documents and the cheapest purchase price. Average new driver bonuses are £1,004.
Like the Fiat Panda, the Ka has been around for a while. The little Ford offers an affordable first-year insurance premium for a 17-21-year-old driver of just £1,016 – which is what GoCompare customers looking for comprehensive cover had to pay last year.
Source: GoCompare, based on full policies bought on the comparison site between 21 August and 22 July by consumers aged 17-21 with a full UK license of less than one year.
It found that those living in the South West benefited from the lowest car insurance costs at an average of £1,221, while young people living in London had the highest costs at an average of £1,896.
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The study also calculated that driving lessons accounted for a fifth of the cost of getting on the road, with the RAC saying it takes the average learner 45 to pass the test, which at £30 costs £133.
A further survey of more than 1,000 parents of young drivers found that more than one in four (27 per cent) thought their child’s car insurance costs were higher than they expected.
44% of parents said they would pay for their child’s first car, but one in five (19%) described putting their children on the road as ‘a way of spending their money’.
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According to estimates, student driving lessons cost an average of £1,350 to hit the road.
Ryan Fulthorpe, GoCompare’s auto expert, said the company’s “Costs of getting on the road” statement serves as an indicator of how to break down the costs young people and their families will face when they reach driving age. it’s the cost of living. they are growing.
“We knew it was going to be a tough year for a number of reasons – the rise in used car prices globally, the cost of living crisis going on in the UK, not to mention the fact that this is the first year we’ve been back to normal after the pandemic,” he said.
“Unfortunately, it seems that while the incomes of young drivers have been moving in the right direction in recent years, we are seeing a slight increase in prices.”
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ComparetheMarket estimates that at average UK prices and for new drivers driving 6,800 miles a year, this will add an extra £992 to their first car bill.
The study also did not include annual MOTs, which cost up to £54.85, and maintenance and repairs, which can cost hundreds of pounds for an older car.
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