Car finance news: Choose vehicle carefully to minimise insurance costs

Oct 27 2008

With car insurance costs on the rise, buyers scouring the market for used cars may be interested in a recent list of vehicle makes and models that are among the cheapest to insure.

According to online insurer swiftcover.com, the Smart Pure is the cheapest car to cover at an annual premium of £350.84, with the TOYOTA Aygo, CITROEN C1 and the popular RENAULT Clio also figuring in the top ten for reduced insurance costs.

The comparisons are based on a 32-year-old male driver living in Birmingham, with one previous speeding conviction and a full no-claims discount.

However, the research may well be of interest to younger buyers who are considering taking out a Car Loans quote but would prefer to avoid paying high premiums on their new vehicle.

The Association of British Insurers admitted earlier this month that there was "no getting away" from the fact that young drivers pay more for their car insurance, but advised that they could minimise costs by carefully considering the type of car they buy. ADNFCR-1366-ID-18845566-ADNFCR

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