Admiral has shared the top 10 cheapest cars to insure for 17-year-olds as the backlog for practical driving tests starts to decrease and more young motorists are closer to getting their full UK driving licence.
Car insurance for young drivers doesn’t come cheap but analysis of the insurance giant’s data reveals the most affordable make and models and the Toyota Aygo, Fiat 500 and Volkswagen Up! take the top three spots.
For many 17-year-olds it can be expensive to get on the road, with several costs to consider. As well as paying out for a car, new drivers also have to think about the price of fuel, car insurance, vehicle tax and servicing – so it all adds up.
Commenting on the research findings, Clare Egan, Head of Motor Product at Admiral, said: “Young drivers tend to pay more for their insurance because unfortunately they’re statistically a higher risk. They’re more likely to have an accident than older drivers and the accidents they have are more expensive.”
Clare continued: “ Car insurance for young drivers doesn’t come cheap but shopping around can help them find the best deal. The cost of car insurance is based on a number of things including the value of the vehicle itself and its group rating. The lower the group rating, the cheaper insurance will usually be.
“Having a telematics or black box policy could also be an option for getting cheaper car insurance. With black box insurance, drivers are monitored for how well they drive and safer drivers are rewarded with lower premiums. As most black box insurance providers offer free theft tracking, including Admiral, they can also double up as an added security measure too.”
Admiral also said that young drivers who don’t want to commit to a full telematics policy can also benefit from app-based telematics.
Many insurers offer an app that can be downloaded which monitors how you drive and potentially offer discounts. Admiral App users have the option of allowing it to collect data on their journeys and if they drive well, they can get a discount at renewal. It also offers emergency assistance if they have an accident and they can manage their policy online.
Clare explained: “It’s important that motorists understand how much they’ll be spending on average on their annual insurance premium before buying a car.”
To help out any 17-year-olds looking for their first set of wheels, Admiral has calculated the top 10 cars which are the cheapest to insure, based on their own data from the first quarter of 2021.
Top 10 cheapest cars to insure for 17-year-olds in the UK
Below is the top 10 list with the average annual premium.
- Toyota Aygo – £641per year
- Fiat 500 – £682 per year
- Volkswagen Up! – £697 per year
- Citroen C1 – £699 per year
- Renault Clio – £741 per year
- Vauxhall Corsa – £808 per year
- Seat Ibiza – £824 per year
- Ford Fiesta – £842 per year
- Volkswagen Polo – £849 per year
- Mini Cooper – £941 per year
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