Car insurance ford ka

Car insurance costs for youngsters are at an all-time high. With the costs of premiums an increasing consideration when buying a car, we round up the cheapest - and most expensive - cars for young people to insure?

Car insurance premiums are rising across the board and the extra burden is particularly severe on young people.

Car insurance for young drivers, according to the comparison site Confused.com, hit record highs in the second quarter of this year, with 17-20 year-olds paying as much as four times the average amount than other driver’s for motor insurance.

Top of the table: Ford KA vehicles are the cheapest to insure for young drivers

The Confused/Towers Watson price index shows that the average motor insurance premium, based on a 17-20 year-old male, is now £4,006 per year for comprehensive cover.

And according to the AA Insurance, the average is even higher with the average 17 year-old male paying roughly £5,000 for cover.

In some instances, it costs more for youngsters to insure a car for a year than it does to purchase it in the first place.

For this reason, it has become vital to research the car you are buying to establish insurance costs before committing to the purchase.

Confusedresearch has found which new and used models are the cheapest for 17-20 year-olds to insure.

They have focused on vehicles in the £600 to £10,000 price range - and it is ever-popular Fords which come out on top.

They research has also revealed the worst five cars to run if you are a youngster looking for low insurance prices, with a Honda Civic crowned as the most expensive by Confused.

Many youngsters have turned to telematics technology – the black box that marks a driver’s performance behind the wheel - to try and bring their insurance costs down.

The theory is: the better you drive - with one of the boxes fitted in the vehicle to record your journeys - the cheaper your car insurance will be.

However, it isn’t an instant fix in bringing down insurance costs and youngsters may find themselves being even harder hit.

Gareth Kloet, head of car insurance at Confused, says: ‘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.’

Top five cheapest cars to insure for 17-20 year olds:

Yearly insurance cost: £1,651.40 / Monthly insurance cost: 137.62

Yearly insurance cost: £1,781.25 / Monthly insurance cost: £148.44

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