Car insurance groups. The price you pay for your car insurance will, at least in part, be based on which one of 50 car insurance groups it falls into, as decided by the official Group Rating Panel. Cars in group 1 are the cheapest to insure, and those in group 50 are the most expensive. For example, a Peugeot 206 will fall in group 7, making it relatively cheap to insure, whereas a BMW Z4 will. Car insurance for 17-year-olds and other young drivers can be expensive, but you can keep costs down by selecting a car in a low insurance group, such as those in groups 1 and 2.
Car insurance groups are broadly set by The Group Rating Panel and administered by Thatcham Research. These insurance groups range from group 1 (the cheapest cars to insure), all the way up to group 50 (the most expensive). Admiral considers these recommendations when calculating our car insurance prices.
Insurance groups by car. How many car insurance groups are there in the UK? In the UK, there are 50 car insurance groups with 1 being the lowest (cheapest) and 50 being the highest (most expensive). Insurance group 4 definitely falls on the cheaper side of the scale when it comes to car insurance premiums. Car insurance bands, or groups, are determined by a group rating system. The groups range from Group 1, the lowest and cheapest option, all the way up to Group 50, the highest and most expensive option available. How many groups are there in car insurance? The groups for car insurance are numbered from Group 1 to Group 50. Cars in the lower. What Are Insurance Groups? Every car sold in the UK belongs to one of 50 car insurance groups. Car insurers use these insurance groups to calculate how much to charge for their premiums. Unless they’re using their own grouping system, most car insurers will refer to the Group Rating System of insurance groups.
Insurance companies use car insurance groups to split cars into categories, so that they can calculate how much to charge for policies. Generally, the higher the group, the riskier the car is to insure from the insurer’s point of view. The rating takes into account factors including a car’s level of theft protection, repair fees, its engine. What are car insurance groups? Every car belongs to one of 50 car insurance groups which band cars from the cheapest to the most expensive to insure, starting with group one (the cheapest) and ending with group 50 (the most expensive). The more powerful, expensive and rarer your car, the higher the group it will be in. Car insurance groups explained. When it comes to insurance, all vehicles are assigned an insurance group from 1 (cheapest) to 50 (most expensive), and this helps determine the cost of your premiums. The group a particular car model fits into is usually determined by its performance, safety and security features and its value.
Insurers put all cars into one of 50 "insurance groups", with cars in the lower groups being cheaper to insure. When choosing a car to buy, use our tool to find out which cars are in the lowest insurance groups so you can be sure the cost of cover will be affordable. Explore cheap car insurance groups. Read general car insurance advice All cars are allocated a car insurance group between one and 50. Which car insurance group depends on a range of factors, including the value of your car and its performance, safety features, security features and repair costs. Cars in insurance Group 1 carry the cheapest insurance premiums, so if that’s you, you’re already on to a winner. Each car is assigned to one of 50 car insurance groups and each group is assigned a rating based on the level of risk an insurer feels they carry. Cars with a Group 1 insurance rating carry the lowest risk to an insurer, for example they might have a lot of safety features or are only capable of moderate speeds.
Car insurance groups explained. 1 Independent testing company Thatcham puts new cars through their paces; 2 Impact performance, damage costs, repairability, theft prevention and other factors are tested; 3 A group number from 1-50 is assigned, which car insurance companies use to help set the price of your quote. 1 is cheaper, 50 is pricey! A group one vehicle would be in the lowest insurance group, group 50 the highest. Find out more about the way car insurance groups are decided and how the decision affects car insurance premiums. Use our interactive tool to find out your vehicle's insurance group. What are the car insurance groups? Car insurance groups are one of the criteria considered when determining the risk of insuring a car. The general standard for car insurance groups in the UK is determined by the Group Rating Panel, which includes members from the Association of British Insurers, Lloyds Market Association and the motor insurance research firm Thatcham Research.
If you're changing your car you'll want to think about the cost of insurance before you commit to buy. The insurance group rating is the key. Most new cars are assigned to an insurance group – a rating between 1 and 50* that indicates the level of risk as seen by the insurers. Car insurance groups are one of the many ways insurers work out insurance premiums. There are 50 insurance groups, 1 being the cheapest and 50 the most expensive. Every car in the UK is given an insurance group which is then used to work out insurance costs, along with other factors like postcode, age and occupation. Car insurance groups are set by the Group Rating Panel, which includes members of the Association of British Insurers (ABI) and Lloyds Market Association (LMA). Group Rating system The Group Rating Panel , administered by Thatcham Research, assigns new car models to an insurance group from 1 (cheapest to insure) to 50 (the most expensive).
There are 50 insurance groups. Group 1 is the lowest risk and therefore features the cheapest cars to insure; Group 50 is the highest risk and thus most expensive. Why are insurance groups important? The insurance group your car falls in will determine how much you pay every year or month for cover. The number of insurance groups has changed in recent years. Until 2009, the number of car insurance groups were 1-20 but this has been expanded – this means, according to Thatcham, that 'each model of car can be more accurately banded with cars of similar characteristics and therefore create a more precise Group Rating System.' Find cars by insurance group. In the UK, cars are organised into groups, which are then used by insurance companies when calculating your insurance quote. Here, we give you access to all 50 groups, meaning you can find inspiration for which car to buy, from a car insurance price perspective. Start with group 1 if this is your aim – generally.
How car insurance groups work. Insurance groups were first introduced in the 1970s as an easy-to-understand way for people to get an idea of how big the premiums were likely to be for a specific vehicle. Which insurance group a vehicle fell into was based on how expensive it would be to repair or replace, as well as the likelihood of that. What cars are in each insurance group. We have listed the range of car insurance groups by car make and car model so to find out if a car is cheap or expensive to insure first select the car make below then select the car model on the following page. The car insurance groups are a useful guide but insurance companies will also use information from the claims they have received to work out the final cost of insuring different types of cars.
The make and model of the car you drive has a big impact on how much you pay for your car insurance. Vehicles are allocated to insurance groups based on engine size, performance, cost of repairs and attractiveness to thieves.