No claims, no joy

If you’ve got a Skoda Fabia and don’t drive it like this, you’re on the road to the cheapest insurance possible.

Aah. But what if you’ve also got a a zero no-claims record? Pah, forget that. You’d be better off with points on your licence. No, honest, you would.

That’s the finding of research by Vantage Leasing, which shows that the cheapest car to insure is the Fabia, the best deals go to computer programmers and that the impact of penalty points can often be less severe than having zero no-claims.

Oh, and if you park your car on the road, rather than in a locked garage, that’s often cheaper, too.

Amazingly, Vantage say: “Being one step away from a driving ban can mean cheaper car insurance costs than having zero no-claims discount.”

The firm found that insurance quotes were about 10% cheaper on average for typical UK drivers with nine points on their licence for speeding or other offences, compared to a lack of no-claims discount.

Male and female drivers with six penalty points are also cheaper to insure than motorists with one, two or three years’ no-claims bonus.

To add to that Vantage debunked the common belief that parking in a locked garage is always cheaper than leaving the car on the road or driveway.

In fact, parking on the road was the cheapest on average, costing nearly 10% less than keeping a vehicle in a locked garage and fractionally cheaper than a drive.

Vantage believe that a sharp rise in thefts using ‘transmitter relay’ attacks on cars with keyless entry systems could be to blame for lower insurance quotes for cars which are parked on surrounding roads.

A driver’s occupation can also impact insurance quotes, with the ‘riskiest’ jobs coming in around 20% more expensive than those considered safer.

Computer programmers are among the cheapest to insure, whereas catering staff are deemed to be among the riskiest.

Not unsurprisingly, a typical young driver is impacted more by driving convictions than an older driver, and their occupation can see quotes vary by as much as 30%. A typical 21-year-old sales executive could pay over £350 more than a young book-keeper.

Vantage Leasing Managing Director, Rob Walker, said: “The research is eye-opening, dispelling common myths including that penalty points could spell disaster when it comes to insurance costs.

“We also see how the latest trends in car crime, such as keyless theft, can impact how insurers view the risk. That’s why parking on the road at night is often cheaper.

“While our research shows what a typical male or female driver can expect, it doesn’t cover every eventuality, and some may find their circumstances produce different results. It does, however, provide some intriguing insights into the ever-evolving nature of vehicle insurance.”

To read more about car insurance and find the top 10 cheapest cars to insure, (the next three are above but can you name them) as well as the least risky occupations, click here: