According to research from a comparison site, car insurance costs have risen by an average of as much as £100, with Britons already experiencing tighter budgets due to the cost of living crisis.
Driving has become increasingly unaffordable as 84% of drivers have spent more on fuel in the past six months.
And with insurance premiums soaring over the past year, households are under further pressure to save money.
The data was collected by Comparethemarket.com and outlines the top 10 most popular car models in the UK and their insurance prices.
The most popular car to insure between March and May 2022 is the Ford Fiesta Zetec.
But the annual premium for a Ford Fiesta Zetec now costs an average of £785 to insure – a massive £129 more compared to the same period in 2021.
The Mini Cooper comes in as the second most popular model to insure effectively.
Always a favorite among drivers, the Mini typically costs £617 a year to insure, rising by £87 from 2021.
For the third most popular car, the average premium for the Fiat 500 Lounge has increased by £57 year-on-year,
However, insurance for a Fiat 500 Lounge costs an average of £521, making it the cheapest car to insure out of the ten most popular.
Several models of the Ford Fiesta Zetec, 80 and 99 respectively, are also in the top ten most popular models.
And the Opel Corsa SXI has risen by a whopping £134 to £882 – making it the most expensive of the popular cars to insure.
The rest of the top ten cars are the Mini One, Fiat 500 Pop, Peugeot 107 Urban and another Ford, in the form of the Fiesta Zetec Climate.
If motorists are looking for a car with a low running cost, buying one of the cheaper cars to insure can lead to significant savings.
Drivers can save an average of £361 a year by choosing a Fiat 500 Lounge over a Vauxhall Corsa SXI.
It should be noted that your insurance costs will vary based on a number of factors including car model, mileage, driving history and zip code to name a few.
Alex Hasty, director at Comparethemarket.com, said: “Car insurance is usually one of the most expensive operating costs for drivers, so the increase in premiums will be undesirable, especially in the current environment where household finances are under significant pressure.
“Insurers use many factors to calculate auto insurance premiums, based on the individual and their driving style, as well as make and model. Typically, the bigger your car’s engine, the higher the insurance premium.”
How can you save on your car insurance now?
With the proliferation of insurance out of your control, here are some quick ways to reduce insurance costs.
Increase your deductible
Premium is the amount you pay for your insurance, while the deductible is what you pay if you have a claim.
You can choose your deductible and the higher, the lower your premium.
Go fully expanded
Fully comprehensive policies can be even cheaper, as insurers may associate third-party coverage with higher risk factors.
It can also work out cheaper if you have to file a claim, as it covers the cost of repairing or replacing your vehicle.
Pay in advance
Your insurers usually give you a choice between paying monthly or prepay.
While it’s tricky to get together a lump sum, paying in advance can save you money because there are no additional interest charges associated with monthly payments.
Look around before renewing
Auto insurance policies typically renew automatically, but insurers rarely offer the best deals to their existing customers.
You can use comparison websites and shop around to make sure you get the best deal for yourself before making another decision.
Change your job title
Some jobs are seen as riskier than others for insurance purposes.
Making small but precise changes to your job title or occupation can save you money.