Fresh, fun and unmistakeably Ford, the Ka is one of the most eye-catching and innovative vehicles on the road. However, while the vehicle itself is renowned as one of the most affordable city cars on the market, can the same be said for its car insurance premiums?
Here we look at car insurance for a Ford Ka and how to get an affordable deal.
How much does it cost to insure a Ford Ka?
There’s no set price for car insurance for a Ford Ka because premiums are based on a number of risk factors and how they are assessed by insurers. These include your driving history; your personal circumstances; your address; your annual mileage; and the vehicle itself.
If you are in the market for a Ford Ka it is well worth researching how much you’re likely to pay for car insurance based on the specification and model year of the Ka you choose. As a general rule, older vehicles are cheaper to insure because they are less expensive to replace/repair, while vehicles with smaller engines also earn cheaper premiums because they are less likely to be involved in high impact accidents. Cars with standard specifications are also preferred by insurance companies – so if you want cheap car insurance it’s best to avoid sports specifications.
To get an overview of how much you’re likely to pay, use the Association of British Insurers’ (ABI) database. This places cars into groups from 1-50 (previously 1-20) with those in the lowest groups earning the cheapest premiums.
There is a significant difference depending on which Ford Ka you choose. For example, the Ford Ka Studio built from 2009 onwards with a 1242cc engine fits into group 2 on the 1-50 group rating system and is one of the cheapest models to insure. By contrast, the Ford Ka Sport SE built from 2003-2008 with a 1597cc engine fits into group 16 and is one of the most expensive models to insure.
Where possible, avoid modifying your Ford Ka as modifications usually add to a vehicle’s value and therefore would cost insurance companies more to repair/replace in the event of an accident.
What level of car insurance do you need for a Ford Ka?
There are three levels of car insurance available in the UK:
- Third party only: Covers liability for injuries to others, damage to their property and liability while towing a caravan or trailer.
- Third party, fire and theft: Third party cover plus protection for your own vehicle in the event of a theft, attempted theft or fire.
- Comprehensive: Third party, fire and theft plus cover for repairs to your own vehicle in the event of an accident (subject to policy exclusions). Comprehensive cover usually incorporates a number of additional features such as accidental damage cover, personal accident cover and windscreen cover.
The level of cover you need is largely dependent on your personal circumstances. For example, if you are a relatively inexperienced driver or haven’t built up a no-claims discount and are driving an older used Ford Ka, perhaps dating back to 1996, you may decide on a basic third party policy to keep premiums affordable. However, if you are driving a brand new Ford Ka, comprehensive cover is generally advisable to ensure you are well protected if an accident occurs.
How can you lower the insurance costs of a Ford Ka?
As discussed, insurance premiums are based on the risk you pose to an insurer – reducing this risk can therefore help reduce your premiums. Here are some tips:
- Build up a bonus: Most insurance companies offer no-claims discounts – depending on the provider this could be worth as much as 60 per cent off your premiums after four or more years.
- Choose a higher excess: The excess is your contribution towards an insurance claim and is usually divided into a compulsory excess set by the insurance company and a voluntary excess, which is an additional amount you agree to pay should a claim be necessary. Increasing the voluntary excess will usually lower premiums, although it should be kept at a level you can comfortably afford.
- Increase security: Adding security devices to your Ford Ka such as an alarm, immobiliser or a tracker could lower your premiums as this will reduce the risk of theft – consult your insurance company about which devices earn the largest discounts.
- Limit your mileage: The fewer miles you drive, the less likely you are to make a claim – so consider agreeing to a mileage cap with your insurance provider.
- Park safely: Keep your Ford Ka in a locked garage overnight to lower premiums.
- Pay annually: By paying premiums upfront you can avoid monthly interest charges.
- Shop around: As insurance companies assess risk factors in different ways, premiums can vary widely between companies. So use a comparison website to compare the rates available – the leading websites can compare deals from more than 120 car insurance companies.