The Daewoo Lanos costs £556.51* to insure, on average. On the other hand, the Daewoo Lacetti will set you back around £836.58*, the Daewoo Matiz about £770.23 and the Daewoo Nubira approximately £715.93*.
The insurance group that your Daewoo has been placed in will play a large role in determining the cost of your car insurance. The lower the group, the cheaper the car is likely to be to insure. Daewoo cars tend to fall between group 5 and 28.
The Matiz, which falls into group 5 to 9 was published on several occasions as one of the cheapest five cars to insure in the UK. That’s why it became the staple of students and the elderly alike. It was never an enthusiast’s brand and there are no sporting models to speak of. The South Korean marque was aimed solely at the budget-conscious buyer when it arrived in the UK in 1995, but that was enough to carve its own niche and to launch a relatively successful foray on to British soil.
Daewoo has now effectively been rebranded as the car manufacturer Chevrolet, but used Daewoo cars are still a common sight. That speaks volumes for their reliability, at least.
*All average price amounts based on Compare the Market data from 1st Oct 2018 to 31st Dec 2018. These averages are based on all our customer quotes, from people with different age ranges, addresses and driving histories. You may find a cheaper or more expensive quote based on your circumstances.