The research found the most expensive type of car to insure will set drivers back £1,200 on average per year, whereas the cheapest car to insure costs a more manageable £241.
Here, Which? reveals the 10 most and least expensive cars to insure, along with other factors that influence premiums.
Find out more:The cheapest cars to insure
Here are the top 10 cheapest car makes and models to insure on average, per year according to research from GoCompare.
It may be surprising to some that the Porsche Boxster came in second-cheapest at £243, while last year's winner, the Mazda MX-5, dropped to third place with an average premium of £249.
The cheapest cars to insure for under-25s
Your car choice isn't the only factor that insurers use to calculate your insurance premium.
So here are the 10 cheapest cars to insure for under-25s according to GoCompare:
Find out more:The most expensive cars to insure
Now for the top 10 priciest models to insure on average:
The most expensive car to insure is the Porsche Taycan, at £1,200 per year on average. That's around five times more than the Porsche Boxster, highlighting that the model can make a significant difference.
The most expensive cars to insure for under-25s
Here's how the list differs for those under 25:
Find out more:
Are newer cars cheaper to insure than older cars?
No, newer cars aren’t always cheaper to insure than older cars.
The Peugeot 206 (launched in 1998), and considered an old car, tops GoCompare’s list of the cheapest cars to insure. However, insurers generally use a range of factors other than the car's age to calculate your premium.
Typically, newer cars come with better safety and security features, which could mean lower insurance costs in some cases.
On the other hand, older cars might have lower insurance premiums because they generally have lower market values, making them less expensive to replace or repair in case of damage.
Insurance costs can vary significantly based on your individual circumstances and preferences. The best way to find out the insurance cost for a specific car is to compare quotes on websites such as Confused.com, Compare the Market or GoCompare.
Enter the car's make and model, your personal information, and the level of coverage you need. You can also go back and switch out the car model to see how it affects your quote.
Find out more:What else affects your premium?
Your car choice and age aren't the only factors that insurers use to calculate your insurance premium.
Insurers consider your driving habits, such as how often you use your car and the mileage you cover. For instance, using your vehicle for daily commutes can increase your premium compared to occasional leisure drives.
Where you live can also affect your quote. Areas with heavy traffic and higher rates of vehicle theft or accidents generally have higher insurance premiums than rural areas.
Your driving record, including any previous accidents or traffic violations, can also impact your premium. Insurers weigh these factors collectively to calculate your premium accurately, ensuring it reflects the level of risk associated with insuring you and your vehicle.
Find out more:How else can I save on my car insurance?
Saving on your insurance doesn't have to be as drastic as changing your car. Here are some steps you can take to bring your quotes down:
Pay per year: Choose the right job title:Be proactive:Consider multi-car policies: Adjust your excess: Find out more:Which? Limited is registered in England and Wales to 2 Marylebone Road, London NW1 4DF, company number 00677665 and is an Introducer Appointed Representative (FRN 610689) of the following: 1. Inspop.com Ltd for the introduction of non-investment motor, home, travel and pet insurance, who are authorised and regulated by the Financial Conduct Authority (FCA) to provide advice and arrange non-investment motor, home, travel and pet insurance products (FRN310635). Inspop.com Ltd is authorised and regulated by the Financial Conduct Authority (FCA) to provide advice and arrange non-investment motor, home, travel and pet insurance products (FRN310635) and is registered in England and Wales to Greyfriars House, Greyfriars Road, Cardiff, South Wales, CF10 3AL, company number 03857130. Confused.com is a trading name of Inspop.com Ltd. 2. LifeSearch Partners Limited (FRN656479), for the introduction of Pure Protection Contracts and Private Health Insurance, who are authorised and regulated by the FCA to provide advice and arrange Pure Protection Contracts and Private Health Insurance Contracts. LifeSearch Partners Ltd is registered in England and Wales to 3000a Parkway, Whiteley, Hampshire, PO15 7FX, company number 03412386. 3. Optimise Media Limited (FRN 313408) for the introduction of the First Direct Current Account, LV= Pet Insurance and LV= Asda Breakdown. Optimise Media Limited are authorised and regulated by the Financial Conduct Authority to provide credit brokering and general insurance activity. Optimise Media is registered in England and Wales to Exchange Street Buildings, 35-37 Exchange Street, Norwich, England, NR2 1DP and company number 04455319 4. HUB Financial Solutions, for the introduction of equity release advice, who are authorised and regulated by the Financial Conduct Authority (‘FCA’) to provide advice and guidance on financial products for those who have retired or are approaching retirement (FCA Firm Reference Number: 455713). HUB Financial Solutions is registered in England and Wales to Enterprise House, Bancroft Road, Reigate, Surrey RH12 7RP, company number 05125701. 5. Alan Boswell Insurance Brokers Ltd (FRN 301), for the introduction of non-investment landlord insurances, who are authorised and regulated by the Financial Conduct Authority to provide advice and arrange insurance contracts. Alan Boswell insurance brokers Ltd is registered in England at Prospect House, Rouen Rd, Norwich NR1 1RE, company number 02591252. We do not make, nor do we seek to make, any recommendations or personalised advice on financial products or services that are regulated by the FCA, as we’re not regulated or authorised by the FCA to advise you in this way. In some cases, however, we have included links to regulated brands or providers with whom we have a commercial relationship and, if you choose to, you can buy a product from our commercial partners. If you go ahead and buy a product using our link, we will receive a commission to help fund our not-for-profit mission and our campaigns work as a champion for the UK consumer. Please note that a link alone does not constitute an endorsement by Which?.
source https://www.which.co.uk/news/article/the-cheapest-and-most-expensive-cars-to-insure-in-2024-aprLT6a8nlNE