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May 10, 2024 · The cost of insuring a car can vary by almost £1,000 depending on the make and model of the vehicle, new data from comparison site GoCompare shows. The research found the most expensive type of car to insure will set drivers back £1,200 on average per year, whereas the cheapest car to insure costs a more manageable £241.
Feb 14, 2024 · Yes – high-end, higher-powered cars will cost more to insure. That’s because they’re more expensive to repair and replace. You can ask your insurer to transfer your current policy to the new car.
- Jake Edmonds
- Insurance Expert
Nov 6, 2023 · If I buy a more expensive car, will my insurance premium increase? Yes. Buying a more valuable, higher-spec vehicle will increase your insurance premiums, especially if it falls into a higher...
- What Car Is Most Expensive to Insure?
- What Is The Average Cost of Car Insurance in The UK?
- How Much Does It Cost to Insure A Luxury Car?
- What Colour Cars Have Higher Insurance Rates?
- Is It More Expensive to Insure A Lease Car?
In the UK, generally, the priciest insurance is charged to owners of high-end luxury cars like Ferraris, Rolls Royces, Bentleys, McLarens and Teslas as these have higher initial values, making them expensive to repair and higher performance levels. Typically the cost of insurance of this type of vehicle can be in excess of £10,000. Many people choo...
The average cost of car insurance in the UK is around £485 for a year's comprehensive insurance according to the Association of British Insurers. As you can see from the number above, insuring a high-end luxury car, a high-performance car or a classic car can be significantly more expensive than this. The type of insurance you opt for is a key infl...
Luxury cars are generally much more expensive to insure than standard vehicles. This is not only because they have a higher risk of theft but also because they cost more to repair. Replacement parts are often pricier and harder to come by, and certain vehicles require specialist care from highly-trained mechanics. Working out how much it would cost...
There is a great deal of data available that correlates the colour of a vehicle and its accident rate, but most studies into this have been inconclusive. Although insurance companies probably won’t ask you for the colour of your car when you set up a policy, there are some thoughts as to why this view is taken. Statistics show that it’s more to do ...
Leasing contracts require the driver to have fully comprehensive insurance rather than the legal minimum (TPO). This leads many to believe that insuring a leased car will be more expensive by default, but this won’t be the case if you are a safe and experienced driver. Taking out insurance on a leased car is a simple process and is done in much the...
- Consumer Editor
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Age and value of car. Newer cars will usually cost more to insure than old ones, as they tend to be more expensive to repair or replace in the event of a claim. But this doesn't always hold true, as a car's value is also a factor.
Apr 24, 2024 · Check out our guide to the simple steps you can follow to keep your car insurance costs as low as possible. With average premiums well in excess of £1,000 on some makes and models, we reveal the most affordable (and costliest) cars to insure.
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