Does fuel type affect car insurance costs?

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A lot of drivers were left disappointed after purchasing diesel cars in the past as a more environmentally friendly and supposedly more affordable fuel type when compared to petrol, only to see petrol overtake diesel cars in both efficiency and cost in recent years.

The choice between petrol and diesel is a common factor for those purchasing a new car but does the choice also have an effect on car insurance costs?

Purchase costs

The initial price costs of petrol and diesel cars are clearly evident form the onset; petrol cars are often £1,000 to £2,500 cheaper than diesel models of the same type. Two similar models of different fuel types might very well affect how much you pay for your vehicle but does that cost difference also apply when you come to insure it?

There are many other factors which influence the decision of petrol or diesel; diesel cars tend to hold onto their value longer than petrol cars which is beneficial for those who want to sell their vehicles on in the future. Restrictions on diesel cars are coming into affect however as they are deemed worse for the environment than petrol alternatives.

Fuel Economy

Diesel costs are more expensive at the pumps but the vehicles themselves benefit from much better fuel economy than petrol cars, which drivers have to take into account.

Insurance costs

Fuel economy and initial car costs may have minor affects on insurance costs but drivers should take them into consideration alongside their premium costs when purchasing a car.

Due to diesel cars being more expensive they will inevitably have higher insurance costs, mainly due to more expensive repair costs should something go wrong but also insurers factor in the extra expenses should your vehicle be stolen.

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Phillip CollinsDoes fuel type affect car insurance costs?

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