When it’s time to renew your car insurance, finding the cheapest option can be a nerve-wracking experience. However, if you have a clean driving record, it can come with a well-deserved discount. Remember, having car insurance is a legal requirement in the UK, so choosing the right car is crucial if you want to minimize your insurance premiums.
Assessing Your Risk Level
Various factors determine how much you pay for car insurance. In addition to your driving record and any past claims, insurers consider your age and postcode. They also evaluate how long you’ve held a full driving license and how you plan to use your car. For instance, using your vehicle for commuting or professional purposes may result in higher premiums than using it solely for social or domestic journeys.
Lower Insurance Groups Mean Lower Premiums
Regardless of your risk level, choosing a car that falls into a lower insurance group will help keep your insurance premiums affordable. The Association of British Insurers (ABI) assigns an advisory rating from 1 to 50 for every new car sold in the UK. This rating depends on several factors, including the car’s performance, security features, safety equipment, and repair costs after an accident.
Comparing Quotes is Essential
Once you’ve decided on the right car for you, it’s crucial to do your research and obtain quotes from different insurance brokers before making a purchase. Most insurance providers have online platforms that allow you to easily compare quotes. Make sure to apply the same criteria for each quote requested and be honest when answering questions.
The following insurance quotes were obtained from Compare the Market and are based on the cheapest deal available at the time. The quotes are based on a 35-year-old teacher living in Swindon with an exemplary driving record.
And the Top 10 Affordable Cars with Low Insurance Costs in 2023 are: