21 Sep, 2011
Ford KA and Peugeot top the poll
- Ford KA2 cheapest car to insure for 17-20 year olds
- Honda Civic most expensive car to insure for 17- 20 year olds¹
- 50% of under 25s could save up to £594 on car insurance²
- 17-20 year olds pay over £4,000 a year for car insurance³
New 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.⁵
Top five cheapest cars to insure for 17-20 year olds
Top five most expensive cars to insure for 17-20 year olds
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.”
Confused.com press office firstname.lastname@example.org - email@example.com
Notes to editors:
¹The information given does not include car vehicles over the value of £10,000
²Based on online independent research, Consumer Intelligence (July ’11). 50% of consumers, aged 17 - 20, could make this saving.
The survey of 2000 17-25 year old learners, drivers and non-drivers was completed by OnePoll.com on behalf of Confused.com
³The information is based on single males with comprehensive cover and is taken from Confused.com/ Towers Watson Price Index July 2011
⁴The research is based on customers aged 17-20 who quoted on confused.com during Jan – Jul 11 (inclusive). Who have a vehicle value between £600 and £10,000. The information covers comprehensive and third party cover and looks at single and named driver’s policy.
⁵Based on online independent research, Consumer Intelligence (July ’11). 50% of consumers, aged 17 - 20, could make this saving.
Confused.com is one of the UK’s biggest and most popular price comparison services. Launched in 2002, it generates over one million quotes per month. It has expanded its range of comparison products over the last couple of years to include home insurance, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy, as well as financial services products including credit cards, loans, mortgages and life insurance.
Confused.com is not a supplier, insurance company or broker. It provides a free, objective and unbiased comparison service. By using cutting-edge technology, it has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers with their decision-making, subsequently finding them great deals on a wide-range of insurance products, financial services, utilities and more. Confused.com’s service is based on the most up-to-date information provided by UK suppliers and industry regulators.
Confused.com is owned by the Admiral Group plc. Admiral listed on the London Stock Exchange in September 2004. Confused.com is regulated by the FSA.