New research from Confused.com has revealed the cheapest cars to insure for 17-20 year olds. The results showed the Ford Ka2 topping the leader board, followed closely by the Peugeot 107, while the worst car to run for young drivers looking for low insurance prices was the Honda Civic*.
The costs of car insurance for young drivers hit record highs in the second quarter 2011, with 17-20 year olds paying as much as four times the average amount for car insurance.
The Confused/Towers Watson price index showed that motor insurance based on a 17-20 year old male is now £4,006 per year for comprehensive cover, highlighting the need for research when buying a car.
To help young drivers, Confused.com has undertaken research to give teenagers a helping hand and unveiledthe five cheapest and most expensive cars to insure for 17-20 year olds.The research also highlighted that 50% of under-25s could save up to £594 on their car insurance premiums by using Confused.com.
Gareth Kloet, head of Car Insurance at Confused.com said: "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. Here at Confused.com we want to offer young drivers the chance to find the perfect car with the cheapest insurance."
"Once the car has been found drivers should shop around for cover as premiums can vary greatly between providers; a comparison site is a great way to do this."
Notes to editors:
Consumer Intelligence independent onlineresearch (July '11) of 2000 17-25 year old learners, drivers and non-drivers found 50% of consumers, aged 17-20*, could make this saving.Survey by OnePoll.com on behalf of Confused.com.Information based on single males with comprehensive cover taken from Confused.com/Towers Watson Price Index July 2011.
* consumers quoted on confused.com during Jan – Jul 11 (inclusive) for vehicle valued £600-£10,000 (includes comprehensive and third party cover for single and named driver policies).
Confused.com is one of the UK's biggest and most popular price comparison services. Launched in 2002, it generates over one million quotes per month. It has expanded its range of comparison products over the last couple of years to include home insurance quotes, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy, as well as financial services products including credit cards, loans, mortgages and life insurance.
Confused.com is not a supplier, insurance company or broker. It provides a free, objective and unbiased comparison service. By using cutting-edge technology, it has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers with their decision-making, subsequently finding them great deals on a wide-range of insurance products, financial services, utilities and more. Confused.com's service is based on the most up-to-date information provided by UK suppliers and industry regulators.
Confused.com is owned by the Admiral Group plc. Admiral listed on the London Stock Exchange in September 2004. Confused.com is regulated by the FSA.
Confused.com press office
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