There are many factors that influence the size of a car insurance premium but few are more important than the vehicle itself. British drivers looking to buy a second hand car over the next year are likely to face a number of budgetary constraints in these tough economic times, so considering all vehicle costs before buying - including tax and insurance - is vital. Now a car insurance provider has revealed its top ten cheapest second hand cars to insure in the UK.
Topping the list is the Smart Pure for which average premiums are just £350.84. Indeed smaller cars with low performance engines dominate the list - the Fiat Seicento, Skoda Fabia, Toyota Aygo, Nissan Micra, Citroen C1, Renault Clio, Suzuki Wagon R, Volkswagen Fox Urban and Peugeot 107 complete the top ten.
Buying a second hand car will usually allow you to earn cheaper car insurance because the value of the vehicle greatly depreciates over the first three years and the cost of a replacement follows suit.
Of course while the type of vehicle you buy is an important consideration, it's also crucial to gather as many car insurance quotes as you can as the differences between premiums from one insurer to another can be astronomic. For example a man aged 32 living in Birmingham with one speeding conviction could pick up a premium on a Volvo V70 T S for as little as £581.95 through swiftcover.com and yet would pay £1,420.91 a year to insure the same car with LV=, according to the research. Therefore it's crucial to shop around.
It's also worth considering other ways to lower your car insurance. For example, installing a car alarm, parking in a garage overnight, paying annually instead of monthly and agreeing to a mileage limit could all help you earn cheap car insurance. |
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