Car Insurance Group Numbers Explained
3 a group number from 1 50 is assigned which car insurance companies use to help set the price of your quote.
Car insurance group numbers explained. A group one vehicle would be in the lowest insurance group group 50 the highest. While each individual insurer will use their own process to set car insurance premiums car insurance groups give a good indication of approximately how much it will cost to insure your. Every car in the uk is allocated an insurance group to help insurers work out the cost of cover running from 1 cheapest premiums to 50 highest. 1 independent testing company thatcham puts new cars through their paces.
Car insurance groups are broadly set by the group rating panel and administered by thatcham research. The association of british insurers abi determine a car s insurance group. Every make and model of car on uk roads today will have been assigned to a group based on certain criteria from the engine size to the cost of replacement parts and these are numbered from 1 to 50. Key in your reg to find out where your car sits.
There are 50 different car insurance groups those in insurance group no 1 are the cheapest cars to insure while those in insurance group 50 are the most expensive. The cost of insuring your car will be influenced by a number of factors one of which is the insurance group that your vehicle falls into. Enter your registration to find out where your car sits. Members of the abi and lloyds market association lma make up the group rating panel which meets every month to set new car models to an insurance group.
These insurance groups range from group 1 the cheapest cars to insure all the way up to group 50 the most expensive. 2 impact performance damage costs repairability theft prevention and other factors are tested. What do they mean for you and your car. Uk car insurance groups explained.
The association of british insurers decides your car s insurance group from 1 to 50. Use our interactive tool to find out your vehicle s insurance group. Find out more about the way car insurance groups are decided and how the decision affects car insurance premiums. Find out which insurance group your car is in.
E exceeds the security requirement for a car of this type and the group rating has been reduced so a group 10 car that exceeds the standard is listed as a 9e. Whereas cars with a group 50 insurance rating pose a high level of risk for example expensive super cars that are costly to repair could fall into this group. 1 is cheaper 50 is pricey. Where security has been rated the insurance group number from 1 to 50 is followed by a letter which shows the results of the assessment.
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