Car insurance calculator

Car insurance premiums have come down in recent months, with motorists able to make big savings, but the price of this cover still remains a significant amount of money for all drivers to pay. If you’re wondering ‘how much does car insurance cost?’, our car insurance calculator comparison tool can help. Here's how to use it. 

Car insurance premiums have come down in recent months, with motorists able to make big savings, but the price of this cover still remains a significant amount of money for all drivers to pay. If you’re wondering ‘how much does car insurance cost?’, our car insurance calculator comparison tool can help. Here's how to use it. 

Daniel Hutson
From the Motor team
12
minute read
Do you know someone who could benefit from this article?
Posted 15 APRIL 2021

What is the Compare the Market car insurance calculator?

Our calculator is a comparison tool that takes you through the process of getting a quote. This will then tell you how much your car insurance can cost and help you find the policy that’s most suited to your needs. 

When you click through to our comparison tool, you can answer more detailed questions about your vehicle, how you use it, your personal details and the type of policy you want, so you'll end up with a choice of quotes tailored to you and your car. We'll quickly find you quotes from our wide range of insurance providers, saving you time and effort. 

Car insurance calculator

Use our calculator to get a new car insurance quote in a few minutes and start saving.

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How could our car insurance calculator help you save money? 

You can use our comparison tool to answer questions on things that could affect the overall price of your car insurance premium, and see how you can make adjustments to make savings:

  • The type of car you drive – if you're buying a new car, you can use the calculator to find out how the insurance premiums might change from one model you’re considering to the next. The value of the car, engine size and even desirability are all taken into account when calculating your premium.
  • Your car's security – you could save on your insurance premium if you improve your car's security. Using the calculator, you'll be asked about any security features, and will be able to compare cost against the potential savings if you have an industry-approved alarm or immobiliser fitted. You can then decide if making these improvements is worth it.
  • The level of cover – third party cover isn't necessarily always the cheapest, as the price depends on individual circumstances. Use the calculator to check the differences between third party cover, third party fire and theft, and fully comprehensive car insurance to see how they affect the price of your premium.
  • Your voluntary excess – you can use the calculator to adjust your voluntary excessthe amount you choose to pay towards a claim. If you choose a higher excess, it will likely reduce your premium, so the calculator can help you work out which level of excess suits you the most. Just remember, if there’s a claim, you'll have to pay a compulsory excess as well as your chosen voluntary excess, so make sure you can afford both.

How is car insurance calculated?

Car insurance is tailored to you, your car and where you live. Risk is the key factor for insurance providers when it comes to working out how much your premium will cost. They’ll look at a wide range of factors including:

  • Your age - car insurance for young drivers is by far the most expensive because insuring them involves more risk: it’s estimated by the Department for Transport that 10%-20% of new drivers have a crash within the first six months of passing their test. More accidents result in more claims, so insurance providers have to offset this cost by raising premiums for young drivers. On the other hand, if you’re over 50, the assumption is that you have more driving experience, so your premiums are likely to be lower if your driving history bears that out.
  • Your car - the type of car you drive is also a deciding factor when calculating the cost of car insurance. Generally, more expensive and powerful cars will cost more to insure, with repairs often more expensive. Any modifications you make to your car, like alloy wheels or a new stereo system, can raise the cost of your premium too.
  • Where you live - the risks that insurance providers look at include the possibility of your car being stolen or damaged, so they’ll consider where you live and where you keep your car overnight. They’ll look at the local crime rate, whether the area is urban or rural, and the road accident statistics for that area. Keeping your car parked overnight on a private driveway, or in a locked garage, reduces the risk of it being stolen or vandalised, and may help to cut the cost of your premium.
  • Insurance Premium Tax - there’s one other element that gets added onto the cost of your insurance and that’s insurance premium tax (IPT). It’s currently charged at 12%.

Did you know?

There are 50 different car insurance groups. Cars in lower groups should have lower insurance premiums. You can use our car insurance group checker to find out which group your vehicle falls into.

How much does car insurance cost?  

The cost of car insurance is calculated using a wide variety of factors. One of the best places to look is by using our car insurance calculator. Based on Compare the Market customer data, here’s what you can expect to pay, on average, for the following types of cover.
 
When you shop around with Compare the Market… 

Average cost of a fully comprehensive car insurance policy
£622** 
Average cost of a third-party fire and theft car insurance policy
£919*** 
Average cost of a third-party car insurance policy
£1,486**** 

**50% of people could achieve a quote of £621.08 per year for their fully comprehensive car insurance based on Compare the Market data in November 2020

***50% of people could achieve a quote of £918.40 per year for their third party fire and theft car insurance based on Compare the Market data in November 2020

****50% of people could achieve a quote of £1,485.35 per year for their third party car insurance based on Compare the Market data in November 2020

Shopping around for a better deal can give you great savings on your car insurance. On comprehensive car insurance policies:

  • 50% of customers could save up to £228*****
  • 25% of customers could save up to £575
  • 10% of customers could save up to £1,413

*****Figures all based on online independent research by Consumer Intelligence during November 2020.

You may also want to consider a black box policy, also known as telematics. This is more popular with younger drivers, who usually face more expensive car insurance, but can potentially lower the cost by proving they are a safe driver.

The cost of your car insurance is calculated by insurance providers assessing the level of risk you pose to them. For example, if you’re young and have minimal driving experience, you’ll typically find that your car insurance costs more than for someone who has been driving for decades. You’ll also find that those who have a clean driving record, with no previous accidents and a lengthy no claims bonus, will normally get cheaper car insurance.

Read more about how telematics insurance works

Car insurance providers are no longer allowed to factor gender into their quotes. Since the European Court of Justice’s gender ruling in December 2012, men and women are legally required to be treated equally when calculating the cost of car insurance.

Things which can affect the cost of your car insurance include:

  • Your age
  • The car’s value
  • The type of car
  • Your no claims bonus
  • Any previous driving convictions
  • Your annual mileage
  • Where you keep the car
  • What you use the car for
  • Your job

Did you know?

Clerical and secretarial workers tend to have the cheapest car insurance. Labourers and painters tend to be the most expensive professions. Read more about how job titles impact car insurance.

How can I cut the cost of my car insurance?

  • Reduce your annual mileage - statistically, the more you drive, the more likely you are to have an accident. Limiting your annual mileage could reduce your risk and that could help lower your premium
  • Drive well - a whole year of claim-free driving will earn you a no claims discount which could help reduce the cost of your car insurance. Each year you’re driving without making a claim, the greater the potential discount could be. Getting points on your licence – for speeding, for example – can result in your premium going up.
  • Use our car insurance calculator - by customising your search with our car insurance calculator, you'll be able to see if you can save money.

For more help, check out our 16 tips on getting cheaper car insurance.

Did you know?

The UK Government made £6.4 billion in 2019/20 alone from insurance premium tax. This is a charge on car insurance as well as other general insurance premiums.

Car insurance calculator: Which makes and models have the lowest insurance premiums?

The type of car and its value are two key factors in determining the results you’ll see with our car insurance calculator.

So, which makes and models are the cheapest to insure?

Here’s the top ten when it comes to lowest premiums:

  1. Dacia Sandero - £368.71**
  2. Mini Clubman - £370.26**
  3. Renault Captur - £372.25**
  4. Fiat Panda - £374.79**
  5. Kia ProCeed - £386.32**
  6. Mercedes-Benz SLK - £388.48**
  7. Citroen C3 - £388.49**
  8. Hyundai Tucson - £394.50**
  9. Ford EcoSport - £394.53**
  10. Nissan Note - £396.71**

**Average price amount based on the top five quotes from Compare the Market data from 1 September 2020 to 31 November 2020. The average is based on all variations of the vehicle model and uses risk data from people with different age ranges, addresses and driving histories. You may find a cheaper or more expensive quote based on your circumstances.

Read more details on these figures and the cheapest cars to insure in our guide.

Did you know?

36% of parents who help their children with the cost of motoring spend most on car insurance. Read more about how parents help to foot the bill in our Tank of Mum and Dad report.

Impact of a speeding ticket on your car insurance

Your car insurance quote is likely to be higher if you’ve had a speeding ticket. Motorway speeding convictions can add more than £100 to your premium – while speeding on other types of public road puts about £36 onto your insurance on average.

Here’s a summary of the potential impact that speeding convictions can have on your car insurance calculator results:

Driver Extra cost of SP30 convictions Extra cost of SP50 convictions
All +£36 +£101
Under 50 +£41 +£70
Over 50 +£14 +£166

 

Find out more about speeding offences and car insurance.

Did you know?

A personalised number plate shouldn’t, typically, add to the cost of your insurance. While they might be seen as making your car more attractive to thieves and vandals, they can also make it easier for it to be traced if it’s stolen. Read more about personal number plates and insurance.

Motorists benefit from falling car insurance

UK motorists are saving an average of £63.94 a year on car insurance, after prices dropped by about eight per cent in 2020.

Exclusive data from Compare the Market shows that the average quote for all UK drivers and car types in December 2020 was £733.90 – down from £797.84 in 2019.

Average UK car insurance quote is £733.90 – down £63.94 year-on-year

After March, every month in 2020 saw a year-on-year decrease when compared with the same month in 2019.

Customers in inner London and the Orkney, Shetland and Western Isles in Scotland all saw their bills drop by more than £100 and only three parts of the UK – Tayside, Powys and Dumfries and Galloway – saw their bills rise in 2020.

London remains the most expensive place to insure a car in the UK – followed by the West Midlands, Greater Manchester and West Yorkshire.

Biggest year on year drop in car insurance

The following parts of the UK saw the biggest amounts wiped off their average car insurance bill when comparing December 2020 and December 2019.

  1. Orkney: -£454.79 (54% down)
  2. Shetland: -£158.32 (28%)
  3. Western Isles: -£142.17 (25%)
  4. Inner London: -£104.37 (14%)
  5. Gwynedd: -£99.66 (16%)
  6. Shropshire: -£96.82 (14%)
  7. Highland: -£96.21 (16%)
  8. Cornwall and Isles: -£93 (16%)
  9. Buckinghamshire: -£85.64 (11%)
  10. Kent: -£82.05 (11%)

Most expensive car insurance in the UK

Here are the top ten parts of the UK for car insurance, as of December 2020:

  1. Inner London - £1,215.12
  2. Outer London - £1,052.78
  3. West Midlands - £1,031.51
  4. Greater Manchester - £979.09
  5. West Yorkshire - £933.74
  6. Merseyside - £907.97
  7. Lancashire - £856.91
  8. Bedfordshire - £844.12
  9. South Yorkshire - £829.21
  10. Leicestershire - £761.59

The UK’s car insurance league table

The Compare the Market data below shows the UK’s counties listed in order of cheapest car insurance quote. The figure is based on the average of the first five quotes returned for all drivers and all makes and models in the locations shown for December 2020:

Orkney £389.39
Shetland £400.89
Western Isles £422.26 
Isle of Wight £491.55
Cornwall and Isles of Scilly £493.94
Highland £512.93 
Dumfries & Galloway £522.67 
Somerset £531.54 
Borders £532.48 
Gwynedd £541.30 
Central Scotland £555.81 
Fife £560.56 
Gloucestershire £560.93 
Lothian £561.66 
Grampian £561.69 
Devon £561.90 
Powys £571.01
Dyfed £577.66 
Cumbria £582.49 
Dorset £583.77 
Wiltshire £586.33 
Tayside £586.91 
Norfolk £589.80 
West Sussex £595.80 
North Yorkshire £596.10 
Suffolk £598.10 
Lincolnshire £598.27 
East Sussex £599.20 
Clwyd £602.63 
Shropshire £604.43 
Avon £614.93 
West Glamorgan £614.95 
Northumberland £619.25 
Hereford and Worcester £636.35 
Cambridgeshire £641.62 
Strathclyde £642.79 
Oxfordshire £645.27 
Hampshire £645.92 
Unknown £646.16 
Mid Glamorgan £649.56 
Warwickshire £651.43 
Durham £653.95 
Humberside £654.41 
Surrey £666.82 
Gwent £667.55 
Derbyshire £669.93 
Kent £690.49 
Cheshire £690.91 
Staffordshire £693.27 
Essex £706.96 
South Glamorgan £713.36 
Buckinghamshire £722.80 
Northamptonshire £723.20 
Hertfordshire £727.89 
Tyne and Wear £733.71 
Nottinghamshire £751.34
Berkshire £751.83 
Cleveland £755.51 
Leicestershire £761.59 
South Yorkshire £829.21 
Bedfordshire £844.12 
Lancashire £856.91 
Merseyside £907.97 
West Yorkshire £933.74 
Greater Manchester £979.09 
West Midlands £1,031.51 
Outer London £1,052.78 
Inner London £1,215.12 
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