Insurance Group Ratings For Different Cars

This is because higher performance cars are deemed to be at higher risk of an accident. The group rating panel a group of representatives from the insurance industry meet regularly to determine what car insurance group different vehicles should be in.

Car Insurance Groups Explained Moneysupermarket

insurance group ratings for different cars

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A key part of the thatcham researchs work is the administration of the association of british insurers abi group rating system.

Insurance group ratings for different cars. Group rating is an advisory system intended to provide insurers with the relative risk of private cars and light commercial vehicles. 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. The cheapest insurance group for cars will be in the group 1 to group 10 categories.

When a customer requests a quote for car insurance the insurance companies use these group ratings along with other factors to calculate the price of their policy. Although cars like citroen c1s are generally grouped quite low and ferraris are generally grouped very highly you may find that a particular variation of a model might be in a completely different group due its specifications. They use data from thatcham research to identify which cars are likely to cost insurers the most via insurance claims.

For more information on what cars are locate in those groups read more below or go to a qualified database list to find your match. 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. With insurance categories its not even as simple as choosing a smaller car to guarantee a lower group.

That means theres scope to award different ratings to. 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. What are car insurance groups.

Start with group 1 if this is your aim generally the higher the group the. Cars in the highest groups typically high performance models are likely to cost insurers the most in insurance claims. In the uk cars are organised into groups which are then used by insurance companies when calculating your insurance quote.

All car models have been classified by a panel of insurers known as the group rating panel into a number of different groups. The original group ratings were from 1 20 but since 2009 the current much broader insurance group ratings of 1 50 have been used. If you pick a car with a smaller engine size in the range this will command a lower insurance group rating than one with a larger more powerful one.

What can affect a cars insurance group rating. 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.

Car Insurance Groups Explained Moneysupermarket