Young drivers might also want to consider the 107 because it makes the top 10 cheapest cars to insure if you’re between 17 and 24. The average annual premium will set you back £871.10* compared to an average of £1,162.17* for the most popular cars. And if you look hard enough you can pick one up for less than £1,500 making it a really economical choice to get yourself on the road.
If you want to save yourself even more money, then it’s also worth investigating telematics policies which monitors your driving and could result in lower premiums if you’re driving by the book. Also consider whether you need all the optional insurance extras that are on offer, sticking to only what you need can help keep your policy frugal.
Other top tips for driving the cost of car insurance down include increasing your voluntary excess (making sure you can still afford the total excess (compulsory + voluntary) if you make a claim) as well as being able to store your car in a secure garage overnight. If that’s not an option, then installing an approved security device could help too.
And because your policy is tailored to you and your car, it’s always worth being accurate about how many miles you drive and what you use your car for. Rounding up the number of miles you do could push you into the next price bracket and if you only use your car for domestic or social use you could save some money compared to someone who used it every day in rush hour for commuting. Just remember to be honest!