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.
2024
United Kingdom
2024
12+ popular insurers
45-year-old driver
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.)"
* For commercial use only
Basic Account
Starter Account
The statistic on this page is a Premium Statistic and is included in this account.
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.
Market overview
Segments
Leading companies
Sales metrics/consumption
Customer perspective/specialties
Further related statistics
* For commercial use only
Basic Account
Starter Account
The statistic on this page is a Premium Statistic and is included in this account.
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.
