Average cost of insuring the United Kingdoms (UK) most popular car models 2023

Published by
Jennifer Rudden,
Jun 29, 2023
There was a clear correlation between a car's value and the cost of insurance in the United Kingdom in 2023. The Mercedes Benz A class, which the source valued at 33,000 British pounds had an average annual cost of insurance of over 800 British pounds. Meanwhile, a Ford Fiesta valued at 12,000 British pounds would only cost 575 British pounds to insure.

Average cost of insuring the United Kingdoms (UK) most popular car models in 2023 (in GBP)

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Release date

June 2023

Region

United Kingdom

Survey time period

2023

Number of respondents

12+ popular insurers

Special properties

45-year-old driver

Supplementary notes

Values are the average of five cheapest quotes available for a 45-year-old driver parked on private drive, driven 5,000 miles per year, average policy excess of 200 GBP, and five years NCD.


The source adds the following information: "Not surprisingly, we found that the cost of car insurance increases with the underlying value of the car. This makes sense since a more expensive car requires a larger payout by the insurer in case of theft, and typically costs more to repair in case of damage. For example, a 45-year-old driver would pay around £575 to insure a £12,000 Ford Fiesta, or £812 to insure a £33,000 Mercedes Benz A Class 220.)"

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