Drivers who have just passed their test can expect to pay at least £1,800 or more for car insurance for a small hatchback.
The cost of insurance for a newly qualified driver has doubled in a year.
In June 2010, the cheapest car insurance for a Ford Ka was just £900. This year, the same driver can expect to pay at least £1,835 to insure the same vehicle.
That makes the insurance cost of a car £34 a week or around £5 a day at the same time as fuel costs are soaring.
This year’s favourite car with newly qualified drivers is the Fiat 500, which costs around £1,785 to insure for a year.
Most of the favourite cars have smaller engines and reasonably good fuel consumption, making them an affordable option for young motorists who have just passed their driving test.
Fuel efficiency and compact size also makes them a favourite with driving instructors.
Many of last year’s favourite cars with new drivers have dropped out of the table. Top in June 2010 was the Vauxhall Corsa, followed by the Ford Fiesta and Renault Clio. None have a place in this year’s table.
The figures in the table are average figures based on several hundred car insurance quotes to drivers aged 18 to 25 years old who had passed their driving test in the previous 12 months.
TABLE: Top 10 cars with newly qualified drivers – June 2011
|Fiat 500 Pop||£1786|
|Ford Ka 2||£1835|
|Ford Ka 3||£1864|
|Ford Ka 2||£1935|