Looking for a car with cheap insurance costs in 2023?
You’ve come to the right place.
When purchasing a new car, it’s essential to consider the impact on your insurance premiums.
Here’s the deal:
Some vehicles are cheaper to insure than others, which can lead to significant long-term savings.
In this blog post, we’ll reveal the cheapest cars to insure in 2023.
These vehicles not only offer great value but also come with lower insurance premiums, making them an excellent choice for budget-conscious drivers.
We’ll provide some valuable tips on how to further lower your insurance costs and discuss the factors that contribute to a car’s insurance premiums.
Let’s dive in.
Factors Affecting Car Insurance Premiums
Before we unveil the cheapest cars to insure, let’s take a closer look at the factors that affect car insurance premiums:
The make and model of your car play a significant role in determining your insurance premiums.
Cars with smaller engines, higher safety ratings, and lower repair costs tend to have lower insurance premiums.
Age of the car:
Newer cars often come with higher insurance premiums, as they have a higher market value and can be more expensive to repair or replace.
However, older cars may have higher premiums if they lack advanced safety features or have a history of frequent claims.
High-performance cars, such as sports cars or luxury vehicles, typically have higher insurance premiums due to their increased risk of accidents and theft.
Where you live can also impact your insurance premiums.
Urban areas with higher traffic congestion and crime rates may result in higher premiums, while rural areas with lower risks tend to have lower premiums.
Now that we understand the factors that contribute to car insurance costs, let’s take a look at the top contenders for the cheapest cars to insure in 2023.
The Cheapest Cars to Insure in 2023
We’ve compiled a list of the most affordable cars to insure in 2023, based on factors such as safety ratings, repair costs, and overall value.
Here they are:
1. Skoda Fabia:
This compact car is known for its affordability, reliability, and low running costs.
Its smaller engine size and excellent safety features make it a top choice for cheap insurance premiums.
In addition to its insurance-friendly features, the Skoda Fabia offers a comfortable driving experience and a range of customisation options to suit your preferences.
2. Volkswagen Polo:
The VW Polo is a popular choice among drivers who want a stylish, reliable, and economical vehicle.
Its range of safety features and efficient engines contribute to its low insurance costs.
The Polo also offers a spacious interior and a range of advanced technology options, making it an excellent choice for drivers seeking both value and comfort.
3. Ford Fiesta:
A consistent UK best-seller, the Ford Fiesta boasts excellent fuel efficiency, stylish design, and advanced safety features.
All these factors help to keep insurance premiums low for this popular hatchback.
Additionally, the Fiesta offers a fun and engaging driving experience, making it a top choice for drivers of all ages.
4. Hyundai i20:
The Hyundai i20 is an attractive option for those seeking low insurance premiums without sacrificing quality.
Its range of safety features, fuel-efficient engines, and low repair costs make it an excellent choice for affordable insurance.
The i20 also boasts a spacious interior and user-friendly technology, adding to its overall appeal.
5. Kia Rio:
The Kia Rio is a compact car with a reputation for reliability and low running costs.
Its combination of small engines, modern safety features, and low repair costs contribute to its competitive insurance premiums.
The Rio also offers a comfortable ride and a range of technology options, making it a popular choice among value-conscious drivers.
6. Toyota Yaris:
This popular supermini is known for its fuel efficiency, low emissions, and impressive safety features.
The Toyota Yaris boasts a low insurance group rating, making it an affordable choice for drivers seeking cheap insurance premiums.
Its stylish design and comfortable interior also make the Yaris a popular choice for urban drivers.
7. Nissan Micra:
The Nissan Micra is a compact car with a reputation for reliability and affordability.
Its low repair costs, efficient engines, and advanced safety features help to keep insurance premiums low.
The Micra also offers a comfortable driving experience and a range of customisation options, making it an attractive option for drivers on a budget.
8. SEAT Ibiza:
The SEAT Ibiza is a stylish and well-equipped supermini that offers great value for money.
Its range of efficient engines and advanced safety features contribute to its low insurance group rating.
The Ibiza also boasts a spacious interior and a range of technology options, making it an excellent choice for drivers seeking both style and affordability.
9. Vauxhall Corsa:
A long-time favourite among UK drivers, the Vauxhall Corsa is known for its low running costs and insurance-friendly features.
Its small engine sizes, advanced safety features, and low repair costs help to keep insurance premiums affordable.
The Corsa also offers a comfortable ride and a range of technology options, making it a popular choice for drivers of all ages.
10. Peugeot 208:
The Peugeot 208 is a stylish and well-equipped supermini that offers excellent value for money.
Its range of efficient engines, modern safety features, and low repair costs contribute to its competitive insurance premiums.
The 208 also boasts a comfortable interior and a range of advanced technology options, making it an attractive choice for drivers seeking both style and affordability.
Tips for Lowering Your Car Insurance Premiums
Now that we’ve covered the cheapest cars to insure in 2023, let’s explore some additional tips for reducing your car insurance costs:
1. Shop around:
Compare quotes from multiple insurance providers to find the best deal. Use our cheap car insurance quotes tool to help you find the best rates.
2. Increase your voluntary excess:
Agreeing to pay a higher voluntary excess in the event of a claim can lead to lower insurance premiums.
However, make sure you can afford the excess amount if you need to make a claim.
3. Build a no-claims history:
Maintaining a clean driving record and building up a no-claims history can help to significantly reduce your insurance premiums over time.
4. Install safety and security features:
Adding approved safety and security devices to your car, such as an immobiliser or a tracking system, can help to lower your insurance premiums.
5. Limit your mileage:
If you can reduce your annual mileage, you may be eligible for lower insurance premiums, as driving less can decrease your risk of being involved in an accident.
6. Take an advanced driving course:
Completing an advanced driving course, such as Pass Plus, can help to demonstrate your skills and commitment to safe driving, potentially leading to lower insurance premiums.
Finding a car with low insurance premiums doesn’t have to be a challenge.
By considering the cheapest cars to insure in 2023 and following our tips for lowering your car insurance costs, you can make significant savings on your annual premiums.
Remember that it’s essential to compare quotes from different insurance providers to find the best deal.
Utilise our cheap car insurance quotes tool to start your search today.
With the right car and insurance provider, you can enjoy the benefits of affordable car insurance without compromising on quality or safety.