The Vauxhall Corsa has long been recognised as one of a handful of cars that can save young drivers money on insurance; especially those in their teenage years with zero years no claims bonus. It is also one of a select group of cars that instructors chose to teach their pupil’s in. It has a great reputation as a stable car for first time drivers, due to its low breakdown rate and minimal petrol consumption
New and used Vauxhall Corsa’s have always been in one of the lowest insurance bands, in previous years, this has allowed young drivers to get on the road. This does not however mean that insurance is cheap. For instance, a 17 year old male student buying comprehensive insurance for a 1 litre, Y reg used Vauxhall Corsa would be expected to cough up roughly £3000.
Used Vauxhall Corsa’s have one of the best insurance depreciation rates of any car; if you are 19 with two years no claims than the original quote could drop to £1,000, add another two years, and this figure could half again.
Recently, It has been widely reported that insurance premiums are on the rise. A 17 year old boy from Salford passed his test and bought a used Vauxhall Corsa for £3000, also saving in the region of £3000 on insurance. He went onto a popular car insurance comparison website in order to find the cheapest quote and was astonished to find the lowest price on offer was £5,700, with the average coming in at a whopping £12,000. Four times the value of the car. Even more surprising still was the highest quote on offer, at an astonishing £32,819! This was offered by the AA, who quickly moved to suggest that this was an error rather than an actual quote.
Once you fall into the ‘respected’ driver’s age, and have built up several years no claims bonus insuring a brand new 11 plate Vauxhall Corsa should not set you back more than £500-£600. Using the same example as above, at the age of 25 with 7 years no claims you should pay roughly £300 per annum. Add an additional 30 years onto your age with a no claims bonus and the insurance price is likely to fall below £150.
Astonishingly, insurance premiums are only increasing, and if the trend continues insuring a used Vauxhall at the age of 17 would require a six figure salary.