Fiat Panda insurance group and cost

The Fiat Panda is a small budget car, which is incredibly cheap to run and insure. In this guide, you’ll discover tje key facts about insuring a Fiat Panda and how to keep costs down.

Fiat Panda insurance groups and cost by driver’s age

All vehicles are given a specific insurance group that ranges from 1 (the cheapest) to 50 (the most expensive) which helps determine the cost of your car insurance premium. Fiat Panda models range from insurance groups 1 to 8, so you can generally expect the cost of your insurance to fall on the cheaper end of the scale.

However, the cost of insurance can vary between insurance groups based on a number of different factors such as the car’s performance, the market-value of the vehicle and installed safety and security features. For example, a 30-year-old driver in an average postcode could pay around £607 for cover on a Fiat Panda 1.2 Dynamic 5d (Sound) (insurance group 3), or around £672 for a Fiat Panda 1.2 Dynamic ECO 5d which falls in insurance group 6.

You can find the insurance group and likely premium cost of your Fiat Panda model in the table below.

• How we got these rates

  These rates are based on the average cost of cover for cars in the insurance groups shown, for drivers of different ages with a Newcastle (NE1) postcode, which our research suggests represents an average for insurance rates in the UK. Updated: March 2021 (source: Quotezone).

Average Fiat Panda insurance cost

To provide you with an idea of how much it may cost you to insure your Fiat Panda, we ran several quotes to find an average figure. Based on our results, on average, you could insure your Fiat Panda with a comprehensive policy for the monthly price of £57.54, or an annual sum of £605.92.

• How we got this rate

  To generate these quotes we used the following information:

  • The vehicle is a 2018 model
  • Manual transmission
  • Petrol
  • 1.2 litre engine
  • Car has 5 seats
  • 5 doors
  • Factory fitted alarm system
  • The car is not modified
  • Used for social, domestic and commuting purposes
  • 10,000 mileage per year
  • The car is parked in a work car park during the day
  • The car is parked on a driveway at night
  • Owner is a 30-year-old, single teacher from London
  • Owner is a homeowner
  • Five years no claims discount
  • No driving or other convictions in the last 5 years

Fiat Panda insurance cost by location

The table above shows the average cost of Fiat Panda insurance based on insurance groups and driver age. However, there’s a number of other variables that can impact the cost of your car insurance premiums, one of the biggest being your location.

To show how much your location can impact the cost of your car insurance, here are some average quotes for a 30-year-old living in three different locations. The quotes are for a Fiat Panda 1.2 Dynamic 5d (Skydome).

• Expensive: £641 (London SE1)
• Average: £556 (Newcastle NE1)
• Cheap: £374 (Galashiels TD1)

• How we got these rates

  These rates are based on the average cost of cover for cars in the locations shown. Our research suggests SE1 is one of the most expensive locations, NE1 represents an average cost location and TD1 represents one of the cheapest locations. Updated: March 2021 (source: Quotezone).

Which factors affect my Fiat Panda insurance rate?

Along with the insurance group, there are other key factors that impact your insurance premium costs:

• Engine type and capacity. In general, the bigger the engine, the higher the cost of your insurance. An average 30-year-old may pay £556 for the 1.1-litre Fiat Panda 1.1 Active 5d, but could pay around £700 for the 1.3 litre Fiat Panda 1.3 Multijet (75bhp) Dynamic 5d.
• Driver location. Where you live helps determine the level of risk that your car may be stolen or you’ll be involved in an accident, and this affects the cost of insurance. For example, a 30-year-old in central London may pay £715 for insurance for a Fiat Panda 1.2 Dynamic 5d (Sound), while the same 30-year-old in Newcastle may only pay £607. With London possessing a larger population and a higher crime rate than Newcastle, there is more risk involved and therefore, a higher premium.
• Driver age. The younger you are, the more risk you represent to insurers, and the more you’re likely to pay for insurance. This is because younger drivers have less experience on the road and are statistically more likely to be involved in accidents. The average 20-year-old driver in London may pay £1,243 for the Fiat Panda 1.2 Dynamic 5d (Sound), while the average 40-year-old Londoner will only pay £651.

Other factors that influence the cost of your car insurance include:

• Your marital status
• Your credit history and job
• Your car’s safety rating score
• The model of your car
• The age of your car
• Your car’s security and any extra anti-theft precautions
• Annual miles driven
• Your driving history and activity
• No claims discount

How can I save on my Fiat Panda car insurance?

Owning a car is a big financial commitment. With car tax, petrol and maintenance costs to account for, you don’t want the cost of your car insurance to be unaffordable. When searching for insurance, you’ll want to find the best deal for a premium that’s within your budget and includes the right level of cover. There are a few tricks you can try in order to save on your car insurance premiums, and we’ve listed them below.

• Be economical with your car usage. Occasionally deciding to walk or get public transport, rather than using your car, keeps your mileage down and can help you save on your premium. You could also opt to drive in off-peak hours, which will give you less exposure to busier traffic.
• Pay your insurance annually. Whilst it might be hard to part with a large sum of money in one go, by paying annually you can save on the interest incurred on monthly repayments.
• Install extra safety precautions. In general, the safer your car is, the cheaper the premium. By upgrading your safety measures, you are posing less of a risk to providers, which will likely lower your premium.
• Don’t just accept your renewal quote. When it’s time for renewal, make sure you shop around and don’t just settle for the renewal price given to you – there may be cheaper options out there!

Bottom line

The Fiat Panda is one of the cheapest cars on the road to buy and insure and is therefore great for younger, newer drivers. On top of that, this guide will help you reduce your car insurance costs even further.

Frequently asked questions

• How much does a Fiat Panda cost?

  In the United Kingdom, the on-the-road price of a new Fiat Panda starts from £8,896.

• How safe is the Fiat Panda?

  The Fiat Panda scored terribly on the EURO NCAP safety analysis with zero stars out of five. Fiat Panda models scored 47% for vulnerable road users and 45% for adult occupancy.

• How much car tax do I have to pay for the Fiat Panda?

  The UK standard car tax rate sites at £145 per year. However, you might pay more or less depending on your car’s emissions.

• Where can I buy a Fiat Panda?

  You can buy a Fiat Panda online or by visiting your local Fiat retailer. You can also buy Fiat Panda through various motor resellers and websites.

• Is the Fiat Panda expensive to insure?

  This depends on the specific model of Fiat Panda you have and the insurance group it falls under. Fiat Panda models can range between insurance groups 1 and 8, so in general, the insurance costs should fall on the cheaper side in comparison to other car makes and models.