A new study has revealed the cheapest and most expensive family cars when it comes to insurance.
It found that the Skoda Yeti tops the list of cheapest family cars to insure, while the Tesla Model X takes the spot as the most expensive.
The study, conducted by MoneySuperMarket, revealed that the average annual insurance premium for a Skoda Yeti is £282, making it £335 cheaper than the UK’s most popular family hatchback the Volkswagen Golf.
While the Yeti is no longer available to buy new, used examples worked out £190 cheaper than the price to insure an average family hatchback or estate. Following a close second was the similarly shaped but smaller Fiat Qubo with an average annual insurance premium of £285, then the Honda HR-V costing £289.
In fact, three of the top 10 cars came from the Czech brand with the Roomster averaging £299 and the Karoq £306.
If you’re looking at the premium end of the market then you’ll find three of the most expensive cars to insure come from Tesla. The Model-X is the most costly to insure with an annual premium of £1,406, the Model S arrives close behind at £1,056 while the Model 3 – which is the fourth most expensive – comes in at £1,046.
Dave Merrick, head of car insurance at MoneySuperMarket, said: “If you’re looking to buy a new car, it is always worth pricing up the cost of insurance before committing to a purchase.
“Our data shows the most popular cars in each region aren’t necessarily the ones that have the best insurance premiums. In fact, it is often the opposite – the most popular cars tend to have significantly higher insurance costs.
“There are many factors to consider when choosing a family car and, in order to keep costs down and keep on top of your finances, shopping around will help you find the best deal.”
August 10, 2020