Cheapest cars to insure for 17-20 year olds
Research from Confused.com has found the cheapest cars to insure for 17-20 year olds. The Ford KA2 topped the leader board followed closely by the Peugeot 107. However Confused.com data shows the worst car to run if you're a young driver and looking for low insurance prices is the Honda Civic. This research is capped and based on vehicles between the values of £600 to £10,000.
Car insurance costs for young drivers hit record highs in the second quarter this year, with 17-20 year olds paying as much as four times the average amount for car insurance.
The Confused/Towers Watson price index shows that motor insurance based on a 17-20 year old male is now £4,006 per year for comprehensive cover, highlighting the need for research when buying a car.
To help young drivers, Confused.com has undertaken research to give teenagers a helping hand and unveiled the five cheapest and most expensive cars to insure for 17-20 year olds. 4 With Confused.com 50% of under 25s could save up to £594 on car insurance premiums.
Top five cheapest cars to insure for 17-20 year olds
Make - Yearly Insurance Cost
1. Ford KA2 £1,651.40
2. Ford KA £1,781.25
3. Peugeot 107 £1,994.42
4. Daewoo Matiz £2,258.26
5. Mini One £2,268.85
Top five most expensive cars to insure for 17-20 year olds
Make - Yearly Insurance Cost
1. Honda Civic £4,515.92
2. Volkswagen Golf £3,928.30
3. Vauxhall Astra £3,722.97
4. Ford Focus £3,677.06
5. Renault Megane £3,327.21
Gareth Kloet, Head of Car Insurance at Confused.com says: "Young drivers and learners are telling us that the cost of insurance is the biggest barrier to getting behind the wheel: more so than the cost of buying the car.
"Buying your first car should be exciting, not a worry about whether you can afford the insurance costs. Here at confused.com we want to offer young drivers the chance to find the perfect car with the cheapest insurance."
"Once the car has been found drivers should shop around for cover as premiums can vary greatly between providers; a comparison site is a great way to do this."