Honestly, who’d be a motorist in the modern age? From increased congestion and traffic to the rising cost of car insurance, negating the roads in the UK has never been more challenging or expensive.
The cost of car insurance is particularly problematic, as this rose by a startling 5% on average last year and provided the steepest annual increase since 2017.
Incredibly, the average policy in the UK is now estimated at £815, with females aged between 26 and 30 the hardest hit having witnessed a price increase of 9% overall.
With this in mind, there’s clearly a pressing need for motorists to identify the cheapest cars on the market as a way of minimising their total financial burden. But which models should they be keeping their eyes peeled for?
- The Volkswagen Polo
We’ll start with arguably the most affordable and economical vehicle on the market, with the VW Polo cheap to buy, insure and operate over an extended period of time.
Despite this, however, VW hasn’t compromised on the design or build quality of the car, with its unique combination of stylish interior and 351-litre boot capacity translating into significant value for money.
Most importantly, the VW Polo sits happily in insurance group 1, making it one of the cheapest cars to insure in the UK marketplace.
When you consider along a competitive purchase price (which averages out at approximately £14,205 for new models), it’s easy to see how buying a VW Polo can save you considerable sums of cash both in the short and long-term.
- The Hyundai i10
Hyuandai’s striking i10 model is best described as a ‘big small car’, as despite its seemingly compact and well-designed exterior it boasts considerable boot capacity and space in the rear seats.
However, it’s interesting to note that this superbly designed and economical vehicle also qualifies for insurance group 1 status, which is unusual for a car that simultaneously boasts climate control, rear electric windows and perfectly positioned dock for your smartphone.
The only caveat here is the car’s 1.0-litre, 66hp petrol engine, which functions fine in town but may lack the requisite performance on the motorway.
This helps to secure affordable insurance, of course, but it may prove to be a drag for more experienced drivers who are hoping to slash their costs.
- The Ford Fiesta
We close with a true classic of our time, in the irrepressible and economical form of the Ford Fiesta.
A truly iconic vehicle that belongs to insurance group 2, this car remains relatively cheap to insure while also boasting an affordable purchase price and some exceptional design features.
It’s superb handling and pointy steering is ideal when taking corners, for example, while the 1.2-litre, 75hp engine strikes the ideal balance between power and manageable insurance costs.
The basic Style trim also keeps insurance and maintenance costs to a minimum, while you can also get an extended warranty on your Ford Fiesta from accredited third-parties such as ALA!
This will also allow you to make further savings over time, particularly when dealing with post-sales issues and repairs.