Understanding Car Insurance Group Types in the UK

Buying a car is a major investment, so it's important to find the right car insurance to protect it. In the UK, car insurance is divided into different types of groups, and understanding them can help you make sure you get the right cover for your needs. This article provides an overview of the different types of car insurance groups in the UK and how they work.

What Are Car Insurance Groups?

Car insurance groups are categories of cars that are grouped together based on the risk they pose to insurers. They are assigned to each car model by the Group Rating Panel, which is made up of representatives from the Association of British Insurers and Lloyds Market Association. This panel determines the risk of insuring each car model, and assigns it a rating from 1-50.

Cars in the lowest groups, Group 1 and Group 2, are usually the cheapest to insure, as they are considered to be the least risky to insure. On the other hand, cars in the higher groups, such as Group 11 and Group 12, will usually cost more to insure, as they are considered to be more risky to insure. The cost of insurance also depends on other factors, such as the driver's age, driving history, and the type of cover they choose.

Types of Car Insurance Groups

Car insurance groups are divided into two main types: standard and modified. Standard car insurance groups are those that are assigned to each car model by the Group Rating Panel. These are the most common type of car insurance group and are usually the cheapest to insure. Modified car insurance groups are those that have been modified by the insurer or the car owner, and these are usually more expensive to insure.

Standard Car Insurance Groups

Standard car insurance groups range from Group 1 to Group 50, with Group 1 being the cheapest to insure and Group 50 being the most expensive. Group 1 cars tend to be small, low-powered cars, while Group 50 cars tend to be large, powerful cars with higher levels of performance. The cost of insurance for each group also depends on other factors, such as the driver's age, driving history, and the type of cover they choose.

Modified Car Insurance Groups

Modified car insurance groups are those that have been modified by the insurer or the car owner. These groups tend to be more expensive to insure, as they are considered to be more risky to insure. Examples of modifications that can affect the car insurance group include modifications to the engine, suspension, brakes, tyres, and exhaust system, as well as modifications to the car's body or interior. The cost of insurance for modified car insurance groups also depends on other factors, such as the driver's age, driving history, and the type of cover they choose.

Conclusion

Car insurance groups are important to consider when buying car insurance, as they can have an impact on the cost of insurance. It's important to understand the different types of car insurance groups, so that you can make sure you get the right cover for your needs. Understanding the different car insurance groups and how they work can help make sure you get the right cover for your car.