When purchasing a car, it is always important to see how you can get cheap car insurance. There are a number of different ways to bring down the cost of your car insurance and choosing the right car insurance group is high up on the list. Every car on the market belongs to one of 50 car insurance groups which are set by the Group Rating Panel.
According to reports, the lower a car’s insurance group number from 1-50, the cheaper it will be to insure. Group 1 insurance cars are far more likely to be the cheapest cars to insure.
Whenever the panel decides to assign cars to different car insurance groups, they must consider the following. The cost of vehicle repairs accounts for a huge chunk of the money paid out in car insurance claims.
Logically, the cost to repair the vehicle has to be considered before being assigned to a car insurance group.
The time it takes to repair the car, also has to be considered as this would lead to higher repair costs.
The lower the cost of the parts, the lower the car insurance group will be. The value of the car is an indication of how much the car will cost the insurer to repair or replace.
Below are the cheapest cars to insure in 2018.
1. Nissan Micra
As it is cheap to buy, with an all-new look, the Nissan Micra could be the cheapest car to insure in 2018. The Micra has been around since 1980 and has models starting in insurance group 1.
2. Kia Rio
The Kia Rio is a cheap car to insure for small families with models starting in car insurance group 2.
3. Volkswagen Polo
The Volkswagen Polo has been a favourite small car since 1974. Some models of the car are available in car insurance group 1.
4. Vauxhall Corsa Hatchback
This car is popular with young drivers. The Corsa is a sensible and reliable supermini. The latest generation contains models in insurance group 2.
5. Ford Fiesta
The Ford Fiesta also has the latest version with insurance group 2. The car was first introduced in 1976.
6. Hyundai i10
This car second generation is in car insurance group 1. The new Hyundai i10 comes with a 1.0 litre engine and was also voted best city car at the 2014 Car of the Year Awards.
7. SEAT Ibiza
This car is cheaper to insure, with the 1.0-litre S and SE versions in insurance group 2. The SEAT Ibiza recently won the best small car category at the What Car? Car of the Year Awards.
Whichever car your drive, one of the best ways to save on your car insurance is to always look round for quotes.
