The Ford Fiesta, the UK’s best-selling car in 2011 and in 2012 to date, was voted the most popular car for keeping motoring costs down, according to a poll on the website.
Beating 51 other models to first place, the Ford Fiesta was named as the car with the lowest car insurance premiums.
The website estimated the Ford Fiestas costs an average of £5,300 in insurance for a 17 year-old male driver, compared to over £12,000 for larger, more powerful hatchbacks.
Gareth Kloet, Head of Car Insurance at Confused.com, says: “Car insurance is a huge purchase for young drivers. However our research tells us that these drivers are adapting to pressures and opting for smaller, cheaper cars, in order to minimise their insurance premiums.”
The research come after two-thirds of people described car insurance as a ‘huge expense’ with premiums of nearly £1,900 for women aged 17-20 and £3,600 for men of the same age.
Car insurance prices are affected by a number of factors including the age and experience of the driver, previous insurance claims, where the car is parked, engine size, car value and a host of other factors.
However, insurance costs in the UK have been rising, something the insurance industry is blaming on over £2bn worth of whiplash claims every year in the UK.
Because whiplash is notoriously hard to disprove, insurers say there is now a large number of people falsely claiming when they are involved in an accident – which in turn drivers insurance prices up.
Confused.com says over 15 per cent of drivers under the age of 24 choose a car because it offers cheaper car insurance, with the new Ford Fiesta the car of choice for UK drivers.
The new Ford Fiesta is available in three- and five-door versions with prices starting from under £10,000 from UK Ford dealerships.