As you expect, the security requirements increase as the insurance group increases, so if your car falls in a high insurance group, the better the security needs to be. There are 6 letters applied to car insurance groups. A: Car meets all security requirements for its group. E: Car has exceeded security requirements and is placed in a lower insurance group. P: This is used when the data for the rating system was incomplete when the car was launched. U: In some cases, the level of security for the car is regarded as unacceptable.
G: Insurance group ratings are only allocated to vehicles built for the UK market. But the panel will list vehicles that are classed as imports under this letter. One of the best ways of reducing your car insurance costs is by driving a vehicle that is in one of the lower insurance groups.
However, if you have a car in a high insurance group, there are ways of reducing your premiums further. Enhance Your Security: Reduce the risk of theft or keep it off the road and parked in a locked garage. In case you didn't know already, insurance groups are for all vehicles within the UK.
The cost of car insurance will depend on which insurance group you have been assigned to. The insurance groups range from 1 to 50, with the lower groups being the cheaper option to insure. To help determine which group your insurance will fall into will depend on a consideration of various different factors, such as, safety, performance, security, size and weight as well as the cost of repairs. There are also other aspects such as the value of the vehicle in question and its age that will be taken into account.
Although not all insurance providers will follow these exact groups, they will generally tend to follow something very similar. So if you were looking for a way to how you could save money on your premium, you could think about buying a car that is in a low insurance group. Usually, the cheapest cars to insure are those that quite cheap to purchase.
Conversely, a group 8 car with a poor security score will be moved up to group 9, and rated as 9D. Another way for a car to improve its insurance group rating is by offering a high standard of safety.
If autonomous emergency braking is fitted as standard, for example, a vehicle can drop one group once it's been tested by Thatcham. Other advanced active safety aids can also have a positive effect on the insurance grouping of a car, as long as they are standard-fit equipment.
Manufacturers play a further part in determining insurance costs. High parts prices or labour rates at dealerships are taken into account when deciding a car's grouping.
So if one manufacturer's dealers are more expensive, its cars could creep up the scale - even in cases where cars are mechanically similar. For example, the Audi A3 and Skoda Octavia. Different versions of the same car will also be in a range of insurance groups, as engine performance and trim level affect premiums. A base level Ford Fiesta Trend fitted with the 1. Broadly speaking, the higher the insurance group, the more expensive insurance will be.
You can check out the cheapest cars to insure here - these are all cars with a rating in group , so should be affordable to insure. This can hit young drivers especially hard - with cars that a year-old can afford to buy and run very likely to have their insurance costs pushed up even further.
This occurs because the insurer will have past experience with these cars being more frequently involved in collisions. Be sure to obtain actual insurance quotes rather than simply comparing insurance groups - you might be surprised how much two similar cars can differ on insurance costs.
As with many things, the most effective thing to do here is to research thoroughly. Car insurance groups used to range from , but this was increased to back in It can be very complex to work out the risk and costs associated with each make and model of vehicle, which is perhaps why so many categories exist. Vehicles that rate nearer 1 in the scale are usually low-risk vehicles such as runarounds with smaller engines.
This is especially good news for new drivers on a budget, as many of these commonly bought cars are the cheapest to insure. Now for a closer look at vehicles at the other end of the car insurance group scale. This is not only because these high performance vehicles tend to have higher top speeds and quicker mph acceleration, which makes them higher risk.
When categorising vehicles, the ABI Group Rating Panel will also consider the driving behaviours associated with such cars, as well as the cost associated with parts and repairs following accidents. You should also bear in mind that the trims, body extras, customisations and variants of the car you choose will make a difference to which insurance category your vehicle belongs to. The engine size also matters.
The make and model may be in one insurance group, but a particular variant, trim or extra could push it into another. This could make it more expensive to insure the vehicle.
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