Top 10 cheapest new cars to insure 2024
Insurance for a Fiat Panda is now £137 cheaper than it was in November 2023
Car insurance can put a real sting in your wallet, but there are a few models out there with surprisingly low premiums
Car insurance is up there with the worst drivers of the cost of living crisis. And finding the cheapest new cars to insure is a must for some.
According to data from comparison site Confused.com, the average premium has increased by £284 – or 43{aa25fa8b82bb550df44f4514fef8e475020994699e2c082d49d75b275e3029cc} – over the past 12 months, to a whopping £941.
Thankfully, there is still a wide variety of cars that are substantially less costly, as our guide to the cheapest new cars to insure shows.
Each quote is based on a 35-year-old male who lives in Swindon and works as a teacher. He commutes by car, parking it on the street during the day and in residential space overnight, and he drives 8000 miles per year. He has no penalty points on his licence and a full 18 years of no-claims bonus.
Although premiums on the whole have risen significantly over the past year, there is good news on the horizon. The cost of insuring each car in our data set has fallen since we last adjusted our rankings in November 2023, and there are some big savings to be made: if you own a new Fiat Panda, Toyota Aygo X, Hyundai i10 or Volkswagen Polo, insurance is now more than £100 cheaper than it would have been eight months ago.
