When it comes to owning a car, one of the significant expenses you need to consider is insurance. The cost of car insurance can vary greatly depending on the make and model of the car, among other factors.

If you’re looking to save money on your insurance premiums, choosing a car that falls into a lower insurance group can be a smart move. In this blog post, we’ll explore some of the cheapest cars to insure in the UK in 2024.

Key Takeaways

• Understanding Insurance Groups: Cars are assigned to insurance groups numbered from 1 to 50, with group 1 cars being the cheapest to insure and group 50 the most expensive. Factors such as the cost of parts, the car’s performance, safety features, and its price when new are considered.
• Cheapest Cars to Insure in 2024: Some of the cheapest cars to insure in the UK in 2024 include the Hyundai i10, Volkswagen Polo, Citroen C1, Nissan Micra, Fiat Panda, Ford Fiesta, Volkswagen up!, SEAT Ibiza, Toyota Aygo, and Skoda Fabia.
• Reducing Car Insurance Premiums: There are several ways to lower insurance premiums. These include choosing a car that falls into a lower insurance group, maintaining a clean driving record, increasing your voluntary excess, and installing a black box in your car.

Understanding Insurance Groups

Before we dive into the list of cars, it’s important to understand how insurance providers calculate premiums. One of the key factors is the car’s insurance group. Cars are assigned to insurance groups numbered from 1 to 50, with group 1 cars being the cheapest to insure and group 50 the most expensive.

Insurance groups are determined by the Group Rating Panel, which includes members of the Association of British Insurers (ABI) and Lloyds Market Association (LMA). They consider factors such as the cost of parts, the car’s performance, safety features, and its price when new.

Top 10 Cheapest Cars to Insure in 2024

Now, let’s take a look at some of the cheapest cars to insure in the UK in 2024. These cars are not only affordable to buy but also fall into lower insurance groups, which can lead to cheaper car insurance.

Hyundai i10: This compact city car is not only stylish and spacious but also falls into a low insurance group, making it one of the cheapest cars to insure. However, it’s worth noting that it’s quite expensive to buy compared to its rivals.

Volkswagen Polo: The Polo is a small car that offers a stylish interior and decent boot space. It’s also one of the cheapest cars to insure.

Citroen C1: This city car is known for its low running costs and low insurance groups, making it a great choice for new drivers looking for cheap insurance.

Nissan Micra: With its good fuel economy and low insurance groups, the Micra is another affordable car that’s cheap to insure.

Fiat Panda: The Panda is the cheapest new car to insure in the UK, according to Autocar. It’s a small car with a 1.0 litre engine, making it a great choice for those looking for cheap car insurance.

Ford Fiesta: The Fiesta is a popular choice among young drivers due to its cheap insurance and low running costs.

Volkswagen up!: Although production of the up! is coming to an end, it’s still a sensible purchase with its low insurance groups.

SEAT Ibiza: The Ibiza is a five-door supermini that combines style, space, and low insurance costs.

Toyota Aygo: This city car is known for its low insurance premiums and low running costs.

Skoda Fabia: The Fabia is a small car that offers a competitive price, low insurance groups, and a seven-year warranty.

Remember, the insurance provider will also consider factors like your driving history and location when calculating your insurance premiums. So, even a car in a lower insurance group might not be as cheap for you as it is for someone else.

Final Thoughts

Choosing a car that’s cheap to insure can save you a significant amount of money in the long run. However, it’s important to remember that the cheapest car to insure may not always be the best car for your needs. Always consider factors such as the car’s safety features, fuel economy, and reliability when choosing a car.

In addition, remember that there are other ways to reduce your car insurance premiums. These include maintaining a clean driving record, increasing your voluntary excess, and installing a black box in your car.

We hope this guide has been helpful in your search for the cheapest cars to insure in the UK in 2024.

FAQs

What cars are cheap to insure in the UK in 2024?

Some of the cheapest cars to insure in the UK in 2024 include the Hyundai i10, Volkswagen Polo, Citroen C1, Nissan Micra, Fiat Panda, Ford Fiesta, Volkswagen up!, SEAT Ibiza, Toyota Aygo, and Skoda Fabia.

How is car insurance calculated?

Car insurance is calculated based on a variety of factors including the car’s insurance group, the driver’s age, driving history, and location, among others. Cars are assigned to insurance groups numbered from 1 to 50, with group 1 cars being the cheapest to insure and group 50 the most expensive.

What is the cheapest car to insure for a new driver?

For new drivers, cars that fall into lower insurance groups tend to be cheaper to insure. Cars like the Hyundai i10, Citroen C1, and Fiat Panda are often recommended for new drivers due to their low insurance groups.

Does the type of car affect insurance premiums?

Yes, the type of car can significantly affect insurance premiums. Cars that are expensive to repair or have powerful engines tend to fall into higher insurance groups and therefore cost more to insure.

What is the cheapest family car to insure in the UK in 2024?

The Ford Focus is one of the cheapest family cars to insure in the UK in 2024. It usually sits in insurance groups six to 22 for models that aren’t performance-focused.

What is the cheapest SUV to insure in the UK in 2024?

The Nissan Juke is one of the cheapest SUVs to insure in the UK in 2024. It usually sits in insurance groups 11 to 15.

How can I lower my car insurance premiums?

There are several ways to lower insurance premiums. These include choosing a car that falls into a lower insurance group, maintaining a clean driving record, increasing your voluntary excess, and installing a black box in your car.

Does the colour of my car affect my insurance premiums?

The colour of your car does not typically affect your insurance premiums. However, if the colour is associated with a special paint finish that is expensive to replace or repair, it could potentially impact the cost.

Does the size of my car’s engine affect my insurance premiums?

Yes, the size of your car’s engine can affect your insurance premiums. Cars with larger, more powerful engines are often more expensive to insure as they fall into higher insurance groups.

Can I get cheaper car insurance if I have a black box installed?

Yes, having a black box installed in your car can lead to cheaper car insurance. A black box records information about your driving habits, which can demonstrate to your insurance provider that you are a safe driver, potentially leading to lower premiums.