HEY BIG SAVER
Four new cars that are the cheapest to insure in the UK in 2024 – including versatile VW hatchback
A little Hyundai is the cheapest new car you can insure in 2024 - but it's a little low of pace
DRIVERS looking to pick up a new set of wheels that won't break the bank in insurance costs are in luck - as there a few motors out there that fit the bill.
With the average cost to insure your car now at £1,000, even safe drivers are starting to be left seriously out of pocket.
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Car experts at recently revealed their top pics for new motors that cheap to insure - including the Volkswagen Polo.
Drivers looking to buy a new car should note that insurance companies consider several factors when determining your premium.
This includes location, personal details, driving history, and the characteristics of your motor - with the average UK premium around £1,000 annually.
One way drivers can keep their costs down is to simply pick up a small, inexpensive, and low-powered set of wheels - therefore opting for a slow, affordable car can significantly reduce insurance costs.
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Insurance groups categorise cars by risk, with lower groups indicating lower premiums.
The little Hyundai i10, for example, is one of just a few motors that fall into insurance group 1 - although some examples are still in group 2 or above.
With the 1.0-litre iteration and an automatic gearbox, you’ll certainly be slow on the motor but you might just find yourself behind the wheel of the cheapest new car to insure in 2024.
Similar to the i10 is the Kia Picanto, which is known for its reliability and design.
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However, the i10 is possibly a better choice, partly because the Picanto's least expensive 1.0-litre auto examples only have four seats.
GET COVERED: The three most and least expensive cars for insurance
Given its compact size, three adults in the back would be quite cramped.
For drivers looking to stretch their legs, the ever-versatile Volkswagen Polo offers more beyond urban commuting.
With influences from VW’s iconic Golf model, it feels larger even with a smaller engine and can certainly handle dual carriageways well.
However, expect higher costs compared to other budget-friendly options.
Sharing its mechanics with the Polo is the Skoda Fabia, offering similar powertrains.
It also has slightly more rear legroom and a larger boot, though the differences are minimal.
Insurance groups for most Fabia versions are typical for its size, with a few considered notably low-risk.
This comes as an insurance expert revealed the "ideal window" to save with the "optimal time" before renewal - which could save drivers £100s.
Eight tips to save money on car insurance
According to SheTalksCars
- Buy in advance - 23 to 26 days before you need cover is the sweet spot
- Add a named driver - even a learner can knock money off
- Try different parking places - a garage isn't always cheaper
- Choose the right job title - make sure they are always accurate
- Shop around - comparison websites are your friend
- Pick a multi-car policy - share it with others in your household
- Add your licence number
- Pay annually rather than monthly - save yourself interest payments
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