The average cost of insuring the ten most popular car models in the UK has increased by £100 year-on-year, according to comparethemarket.com.
Drivers of one of the most popular cars typically paid £675 for their car insurance between March and May this year – up from £575 in the same three months in 2021.
Driving has become increasingly unaffordable, as 84% of motorists have spent more on fuel in the past six months. The increase in insurance premiums, driven by a rise in the value of second-hand cars and replacement part inflation, will put further pressure on households already struggling in the cost-of-living crisis.
The most popular car to insure between March and May 2022 is the Ford Fiesta Zetec, based on comparethemarket.com enquiries. An annual premium for a Ford Fiesta Zetec now costs an average of £785 to insure – £129 more than during the same period in 2021.
The Mini Cooper and Fiat 500 Lounge are the second and third most popular models to insure respectively.
A Mini Cooper typically costs £617 per year to insure, rising by £87 from 2021. The average premium for a Fiat 500 Lounge has also increased by £57 year-on-year. Insurance for a Fiat 500 Lounge costs an average of £521 – making it the cheapest car to insure out of the ten most popular.