There was a clear correlation between a car's value and the cost of insurance in the United Kingdom in 2024. The Audi A3, which the source valued at 18,000 British pounds, had an average annual cost of insurance of nearly 950 British pounds. Meanwhile, a Vauxhall Corsa valued at 9,000 British pounds, would only cost 616 British pounds to insure.
Average cost of insuring the United Kingdoms (UK) most popular car models in 2024
(in GBP)
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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NimbleFins. (November 12, 2024). Average cost of insuring the United Kingdoms (UK) most popular car models in 2024 (in GBP) [Graph]. In Statista. Retrieved February 10, 2025, from https://www.statista.com/statistics/1057049/average-car-insurance-cost-by-the-united-kingdoms-most-popular-car-brands/?__sso_cookie_checker=failed
NimbleFins. "Average cost of insuring the United Kingdoms (UK) most popular car models in 2024 (in GBP)." Chart. November 12, 2024. Statista. Accessed February 10, 2025. https://www.statista.com/statistics/1057049/average-car-insurance-cost-by-the-united-kingdoms-most-popular-car-brands/?__sso_cookie_checker=failed
NimbleFins. (2024). Average cost of insuring the United Kingdoms (UK) most popular car models in 2024 (in GBP). Statista. Statista Inc.. Accessed: February 10, 2025. https://www.statista.com/statistics/1057049/average-car-insurance-cost-by-the-united-kingdoms-most-popular-car-brands/?__sso_cookie_checker=failed
NimbleFins. "Average Cost of Insuring The United Kingdoms (Uk) Most Popular Car Models in 2024 (in Gbp)." Statista, Statista Inc., 12 Nov 2024, https://www.statista.com/statistics/1057049/average-car-insurance-cost-by-the-united-kingdoms-most-popular-car-brands/?__sso_cookie_checker=failed
NimbleFins, Average cost of insuring the United Kingdoms (UK) most popular car models in 2024 (in GBP) Statista, https://www.statista.com/statistics/1057049/average-car-insurance-cost-by-the-united-kingdoms-most-popular-car-brands/?__sso_cookie_checker=failed (last visited February 10, 2025)
Average cost of insuring the United Kingdoms (UK) most popular car models in 2024 (in GBP) [Graph], NimbleFins, November 12, 2024. [Online]. Available: https://www.statista.com/statistics/1057049/average-car-insurance-cost-by-the-united-kingdoms-most-popular-car-brands/?__sso_cookie_checker=failed