Confused have released new research which reveals which cars are cheapest to insure for drivers between 17 and 20
New research from Confused has revealed the cheapest cars to insure for 17-20 year olds. The results showed the Ford Ka2 topping the leader board, followed closely by the Peugeot 107, while the worst car to run for young drivers looking for low insurance prices was the Honda Civic*.
The costs of car insurance for young drivers hit record highs in the second quarter 2011, with 17-20 year olds paying as much as four times the average amount for car insurance.
The Confused/Towers Watson price index showed that motor insurance based on a 17-20 year old male is now 4,006 per year forprehensive cover, highlighting the need for research when buying a car.
To help young drivers, Confused has undertaken research to give teenagers a helping hand and unveiledthe five cheapest and most expensive cars to insure for 17-20 year olds.The research also highlighted that 50% of under-25s could save up to 594 on their car insurance premiums by using Confused.
Gareth Kloet, head of Car Insurance at Confused said: “Young drivers and learners are telling us that the cost of insurance is the biggest barrier to getting behind the wheel: more so than the cost of buying the car.
“Buying your first car should be exciting, not a worry about whether you can afford the insurance costs. Here at Confused we want to offer young drivers the chance to find the perfect car with the cheapest insurance”
“Once the car has been found drivers should shop around for cover as premiums can vary greatly between providers; aparison site is a great way to do this”
Notes to editors: Consumer Intelligence independent onlineresearch (July 11) of 2000 17-25 year old learners, drivers and non-drivers found 50% of consumers, aged 17-20*, could make this saving.Survey by OnePoll on behalf of Confused.Information based on single males withprehensive cover taken from Confused/Towers Watson Price Index July 2011.
* consumers quoted on confused during Jan Jul 11 (inclusive) for vehicle valued 600-10,000 (includesprehensive and third party cover for single and named driver policies).
Confused is not a supplier, insurancepany or broker. It provides a free, objective and unbiasedparison service. By using cutting-edge technology, it has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers with their decision-making, subsequently finding them great deals on a wide-range of insurance products, financial services, utilities and more. Confuseds service is based on the most up-to-date information provided by UK suppliers and industry regulators.
Confused is owned by the Admiral Group plc. Admiral listed on the London Stock Exchange in September 2004. Confused is regulated by the FSA.
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