if i get a cheap car will my insurance be cheaper or more expensive?

Question

i have a car that i can have given to me it is about 5 years old but cant aford the first years car insurance out right if i sell it and gt a cheaper car will the insurance be cheaper or more expensive because it is an older car? i say this because if so i can sell the car i have and use the money left over to pay for the first ears car insurance. p.s i am a teenage driver which is why im trying to save as much money as i can!

Answer 1

Can you still be on your parents' insurance? We always put our kids on the cheapest, oldest car we owned, to lower their premium. Getting insurance as a familly group was a lot cheaper. Can you get a Good Student discount? State Farm does that if you take a short course and have good grades in school.
There's a possibility your rates would be lower on a cheaper car because it's not as expensive to fix; also you can have a higher deductible or lower collision coverage if it's an old, run-down car.

Answer 2

I suggest one to try this internet site where you can compare rates from the best companies: http://cheap-insure.info/index.html?src=2YArzndiTJ48

RE :If i get a cheap car will my insurance be cheaper or more expensive?
i have a car that i can have given to me it is about 5 years old but cant aford the first years car insurance out right if i sell it and gt a cheaper car will the insurance be cheaper or more expensive because it is an older car? i say this because if so i can sell the car i have and use the money left over to pay for the first ears car insurance. p.s i am a teenage driver which is why im trying to save as much money as i can!
Follow 17 answers

Answer 3

I think your best buying a cheaper car, but only if it's from a lower insurance category and maybe better emission i.e smaller engine as this will save you money on tax and petrol too. A smaller car with a smaller engine is your best bet. If it's still really expensive you could consider third party insurance but don't if you can avoid it. Do a bit of research and pick a few cars and have a look on a camparison site like http://www.moneysupermarket.com/motor/ to find out if it actually is cheaper. hope this helps ;-)

Answer 4

I am glad to see it is your parents car if it is them that want the new car I was quite pleasantly surprised that when I bought a Toyota Avensis I thought it would be more expensive to insure than a Peugeot 307sw but not so it was a lot cheaper. you need to look at the tax engine size to body weight & running costs too because bigger engine cars can be cheaper by not working at full stretch with better MPG and don't wear out so quickly as a small car pulling heavy loads around. Please drive carefully the insurance is high for your age group because you do have more accidents thus causing the insurance companies to pay out which of course they pass on.

Answer 5

Older cars can be more expensive as they are easier to nick. More modern vehicles coming with factory fitted immobilizers/alarms, double door locks, etc. can work out a lot cheaper.

Best thing to do is get a few quotes from reputable companies before you spend any money on what you think would be cheaper insurance!

Answer 6

Not always. Try this site for groups:
http://www.parkers.co.uk/insurance

Cars range from groups 1-20 for insurance
1 - cheapest to insure
20 - expensive to insure

See what the current group the car is in and go for a lower group.

Answer 7

Your age and driving record are the two main factors for the price of your insurance.
Insurance companies aren't near as concerned about the age of the car so much as the value of the car. They also factor in part prices. A domestic car that is cheap to fix will give you a lower rate.

Answer 8

It's the insurance group that the car is in which will affect the premiums, not how old it is or what it's worth. That's disregarding your own circumstances of course. F'rinstance you could have a brand-new group 2 car costing you a lot less to insure than an elderly scxrap-value XR3. This website is pretty good at giving the groups: http://www.parkers.co.uk/insurance/

Keep to as low a group as you can while you're young and inexperienced, and hunt around for quotes from lots of companies.

Answer 9

You need to shop around really hard for a decent insurance quote on any car.
Try getting your insurance as a named driver on someone elses policy (parent, guardian etc). Some companies (Direct Line for example) will let you build up your no claims bonus as a named driver on someone elses policy.
In the long run, your no claims bonus will reduce your premiums regardless of which car you drive.

Answer 10

Cheaper.

Only exception would be if it was a unique car. Common cars will be cheaper.

It would probably be cheaper if it had a small engine too.