At the end of 2013 a survey by the motor vehicle purchasing company Webuyanycar.com found that the UK was the most expensive country in the world to run a car.
It probably won’t come as much of a surprise to many motorists, but when you take into account unavoidable costs such as the price of fuel, repairs, road tax and insurance, the bill for keeping the average family car on Britain’s roads came to a whopping £3,453.
That’s £1,000 more than for the same type of car in the USA or Australia, and £1,825 more than in Japan!
Keeping costs down by owning the right car model
However, there are ways of keeping the costs down, and a major factor in doing so is the type of car you own. This will affect everything from the insurance you pay, to the amount you spend on petrol and even road tax each year.
Simply put, running a reconditioned, sporty gas-guzzler is, in all likelihood, going to cost you a lot more than running a modern, electric or hybrid vehicle!
Vehicle type will also affect your insurance cover
A major consideration on the list of costs for car owners is insurance, which now stands at an average of around £550 to £650 a year, depending on the statistical source.
While there’s not much you can do about some of the things which affect the cost of your insurance, such as where you live, your age, driving experience and job, you can certainly affect it with the car you own.
As with the average running costs discussed above, the insurance you pay on a sports car is nearly always going to cost you much more than on a sensible, modern hatchback or family saloon with a reasonably sized engine. Remember, the lower the insurance group for your car, the less this element of your insurance will cost you.
Cheapest cars to own and insure
Motoring magazine Autoexpress recently published two lists: one showing those cars with the lowest running costs (excluding insurance), and the other of those which are in the cheapest insurance groupings and the cheapest to insure.
The list of those with the lowest running costs is based on data provided by CAP. This covers every new car in the UK over an average 3-year time span, building up 36,000 miles on the clock.
You’ll notice that a few cars got into both lists, making them just about the lowest cost cars to own, based on the average annual spend to keep them on the road (albeit the engine sizes are slightly different in each list, or not given).
Cheapest cars to run (excluding insurance costs):
Volkswagen Up 1.0 Take Up
Skoda Citigo 1.0 S
SEAT Mii 1.0 S
Kia Picanto 1.0 1
Dacia Sandero 1.5 dCi Ambiance
Suzuki Alto 1.0 SZ
Peugeot 107 1.0 Access
Citroen C1 1.0i VT
Dacia Logan MCV 1.5 dCi Ambiance
Mitsubishi Mirage 1.0
Cheapest cars to insure:
Dacia Sandero 1.2
Hyundai i10 1.0
Peugeot Partner Tepee 1.6 VTi
Suzuki Alto Vauxhall Corsa
The customer service team at Policy Expert is always on hand to help – either online or over the phone. Whether you want assistance in finding the right policy or even handling a claim, we make sure it’s all handled by experts. For more information on what‘s covered by your policy speak to one of our experts on 0330 0600 600 or email firstname.lastname@example.org