Car Insurance Groups
Car insurance groups are numbered one to 50, buying a car in a low insurance group is the best way to lower car insurance for young drivers
1. What is a car insurance group?
Every car sold in the UK receives a car insurance group between 1 and 50 using research conducted by Thatcham.
Insurers use this information to help them calculate the cost of car insurance premiums.
A group one car is the lowest insurance group with group 50 the highest.
The main factors used in setting car insurance groups are:
- Car performance – the car’s acceleration 0 – 60 and top speed. (A high-performance car will attract a higher insurance group).
- Car security – what security features the car has – includes Alarms & Immobilisers, security locks on doors, the visibility of the VIN & locking for alloy wheels. (A well-secured car will receive a lower insurance group).
- The cost of parts – the cost of 23 of the most common parts. (A car with higher repair cost will be in a higher insurance group).
- Maintenance – how much and how long the car takes to fix. (The more time a car takes to maintain, the higher the insurance group).
- Car value – the price of the car as new. (A high-value car will get a higher insurance group).
2. Will my insurance be cheaper if I drive a car in a low Car Insurance Group?
Yes, it will. Nothing is more likely to lower the cost of your insurance than choosing to drive a car in a low “Car Insurance Group”.
3. Are insurers consistent with their use of the Car Insurance Groups?
4. Who decides a car insurance group?
The people who decide the Groups are the Insurance Group Rating Panel made up of members of Association of British Insurers’ (ABI) and Lloyds Market Association (LMA). The Panel makes decisions based on research by the Motor Insurance Repair Research Centre – Thatcham.