The average cost of insuring the top ten most popular car models has risen by £ 100, according to a price comparison site analysis.
Comparethemarket.com said drivers typically pay a £ 675 premium for their annual insurance between March and May this year, more than £ 575 in the same three months of 2021.
He blamed the increase in the value of used cars and spare parts, given the disruption in the supply chain that has seen the global motor industry that has also greatly affected the production of new vehicles.
Rising premiums add to the cost of living pressure on family budgets, with fuel prices still at record levels.
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Car groups have already reported that rising costs have forced drivers off the road, as they also suffer unprecedented rises in household gas and electricity bills, along with rising food prices.
The inflation rate is at its highest level in 40 years, at 9.1%, and will be inclined to rise beyond 11% in the autumn, according to the Bank of England forecasts.
Comparethemarket.com warned that drivers of more popular, often smaller, cars were facing the cost of motoring becoming “increasingly inaccessible.”
He said, according to his own figures, that the most popular car to insure between March and May was the Ford Fiesta Zetec.
“An annual premium for a Ford Fiesta Zetec now costs an average of £ 785 to insure, £ 129 more than during the same period in 2021,” the report says.
The Mini Cooper and Fiat 500 Lounge were the second and third most popular models to be insured, respectively, he said.
“A Mini Cooper normally costs £ 617 a year to insure, rising by £ 87 from 2021.
“The average premium for a Fiat 500 Lounge has also risen by £ 57 a year. Insurance for a Fiat 500 Lounge costs an average of £ 521, making it the cheapest car to insure out of the top ten.” .
Comparethemarket.com director Alex Hasty said: “Insurers use many factors to calculate car insurance premiums, based on the person and their driving, as well as the make and model of the vehicle. .
“Normally, the bigger the engine your car has, the higher the insurance premium. Alarms, immobilizers or other built-in safety features can reduce the cost of insurance by making a car more difficult. to steal.
“It’s a good idea to make a purchase and see if you can get a better deal every time your policy is renewed.”