At a car insurance rate of only £1,651.40 for annual cover, the Ford KA2 was declared by comparison site Confused.com as the top choice for cost-conscious drivers between the ages of 17 and 20. New research from the online car insurance site found that, in the list of cars between the values of £6,000 and £10,000, the standard KA was nearly as inexpensive as the KA2, while the Mini One, the Daewoo Matiz, and the Peugeot 107 all performed respectably as well.
The Honda Civic was the biggest loser in the Confused.com research study, as insurance for the average young driver can cost as in excess of £4,500 every year. Other cars noted for their expensive insurance costs were both the Vauxhall Astra and the Volkswagen Golf.
The second quarter of 2011 saw car insurance costs for younger motorists rocket once more to a new record high. Drivers between the ages of 17 to 20 were found to pay up to four times the national average, according to the comparison site’s research.
Confused.com car insurance head, Gareth Kloet, commented on the findings, remarking that both learners and younger motorists have been telling the insurance provider that it’s not the cost of purchasing a car that is acting as a barrier to getting on the road. Instead, Mr Kloet said, the largest problem younger drivers are encountering is the exorbitant cost of insurance, which has made purchasing a first car for these younger Brits – which has traditionally been seen as an exciting rite of passage – a source of stress.