Cheapest cars for new drivers and which come with the lowest insurance

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Buying a first car is a special day in the life of a new driver.

For young people, however, the financial challenge of getting on the roads is more difficult than ever as insurers place expensive premiums on young drivers suspecting their inexperience will lead to more accidents.

And new drivers trying to buy the cheapest car are often still left under even more financial pressure as the least pricey options are not always the least expensive cars to get insured.

The average car insurance premium for drivers aged under 24 was £1,095 a year in March, according to price comparison website CompareTheMarket.

The average premium for all drivers, however, is almost half that at £652.



New drivers are desperate to get on the roads
New drivers are desperate to get on the roads

Below are the ten cheapest cars to get insured in the first three months of 2021 according to insurer, Admiral.

Ten cheapest cars to insure

The cheapest car to insure according to Admiral is the Toyota Aygo at £641 a year, cheaper than the average premium.

This was followed by the popular Fiat 500 at £682 a year with the Volkswagen Up! in third at £697 a year.

The other cheapest cars to insure are the Citroën C1 (£699), Renault Clio (£741), Vauxhall Corsa (£808), Seat Ibiza (£824), Ford Fiesta (£842), Volkswagen Polo (£849) and Mini Polo (£941).



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These aren’t the cheapest cars, however, with a new Toyota Aygo starting from prices of £11,484.

Clare Egan, head of motor product at Admiral, said: “Young drivers tend to pay more for their insurance because unfortunately they’re statistically a higher risk.

“They’re more likely to have an accident than older drivers and the accidents they have are more expensive.”

Ten cheapest cars to buy new

On the other hand, the three cheapest cars to buy new include the Dacia Sandero – £7,995, Citroën C1 – £10,330 and Mitsubishi Mirage – £10,575.

This is followed by the Kia Picanto (£10,995), Dacia Sandero Stepway (£10,995), Dacia Duster (£11,745), Fiat Panda (£12,025), MG 3 (£12,195), Toyota Aygo (£12,690) and Volkswagen Up! (£12,705).

The majority of young drivers can save for a new car or insurance but not both.

The cost of insurance will always take into account the cost of the car, it’s group rating, where it’s parked, repair costs, how likely a driver is to make a claim and what job they do.



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Cars that are the cheapest to both insure and buy are the Citroën C1, Toyota Aygo and Volkswagen Up!.

The best way to save money on buying a vehicle is to buy a used car from independent car sellers, private sellers on Gumtree or eBay and car auctions.

The best way to save money on car insurance is to have an extensive shop around comparing different premiums and it’s definitely worth considering a “black box” telematics-based insurance which creates considerably lower premiums.



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