Insurance premiums for new drivers are notoriously steep, and can prevent teenagers from getting behind the wheel.
But to help make it as inexpensive as possible, insurance provider Marmalade has uncovered the cars that are cheapest to insure for young drivers.
The findings relate to those aged 17-24 years old with black box policies of which Marmalade claim reduce the chances of young drivers having an accident within the first six months on the road by 73 per cent.
With this in mind, the most affordable motor to insure was found to be the small French city car that is the Peugeot 107. On average, it’s said to cost £1,114 to insure, with the lowest premium for a 17-year-old being £740.
A similar car ranks in at second – the Citroen C1 – with an average insurance cost of £1,181 and a lowest premium for a 17-year-old being £784.
Only just making the list (in at ninth when it comes to average insurance cost) is the Britain’s best-selling car also known as the Ford Fiesta. The lowest premium for a 17-year-old comes in at £759, while the average insurance cost is said to be £1,398.
Crispin Moger, CEO of Marmalade, said: “Insurance costs can be significant for young drivers, so we always encourage the, to consider how much this will be before purchasing their vehicle. They might feel like they have bagged a bargain with their car, but if insurance costs are high – for example if it is lacking modern safety features – it can be a false economy.”
March 10, 2020