Best Car Insurance For Young Drivers

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Your Questions About New Driver Car Insurance Cost

February 25, 2013

Daniel asks…

How much is the running cost of a Fiat Twinair, considering the car itself is paid off?

I’m considering buying a car with the money I’ve been saving. I’ve just got my license. I’m wondering how much per year it would cost me to keep the car. (Insurance, taxes, etc.)

A ballpark figure will do.

So far I’ve been using public transport, so I have no idea about how much it’d cost.

Thank you!

Administrator answers:

If you’ve just got your licence, insurance will be the killer £2-3k is what you’ll be paying, and you’ll have to do some shopping around to get it down that far.
Fuel depends entirely on how much you use it, tax is probably about £60 a year (don’t know for sure, but it won’t be much on that car), set aside maybe £500 a year for servicing/repairs/punctures etc and you shouldn’t go too far wrong.

I wouldn’t buy a new car though. A) as a new driver there’s a good chance you’ll prang it, no matter how good a driver you think you are, and
B) they’re a dreadful waste of money. You pay £8k for it, drive it out the showroom it’s worth £7k, drive it a year and it’s worth £6k, three years down the line it’s £4k etc.
Buy something secondhand for a couple of grand, then you won’t feel so bad if you bump it.

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