Car Insurance Groups Explained Uk Wiki

What are Insurance Groups?

Car insurance groups are a way of categorising vehicles to make it easier for insurers to determine the cost of a policy. Cars are placed in one of 50 groups, with group one having the lowest premiums and group 50 the highest. This system is used by all major insurers in the UK and it’s important to know which group your car falls into when buying a policy.

The groupings are based on a range of factors, including the cost of the car, its performance, and what the car is likely to be used for. Age, engine size, and the materials used to build the car are all taken into account, as are the number of luxury features the car has. In general, cars in the higher groups will be more expensive to insure and cost more to repair if they’re damaged.

Who Decides the Insurance Group?

The Association of British Insurers (ABI) is responsible for setting the insurance groups. It’s a trade association that represents the insurance industry in the UK and is made up of more than 400 different companies. It works with industry experts to create the groups, and the groups are regularly reviewed to ensure they’re up-to-date and accurate.

The ABI also works with the Department for Transport to make sure that the groups are in line with the UK’s safety and emissions standards. The ABI’s website includes a full list of the insurance groups and the vehicles that are in each one.

What is the Cheapest Group?

Group one is the cheapest to insure, and it’s generally made up of small cars with low-powered engines. These cars tend to be older and have fewer luxury features, so they’re cheaper to repair and there’s less risk of theft. Some of the cars in group one include the Chevrolet Matiz and the Volkswagen Fox.

Group two is slightly more expensive to insure and usually contains cars that are slightly bigger and more powerful. Some of the cars in this group include the Fiat Punto, the Ford Fiesta and the Peugeot 207.

What is the Most Expensive Group?

Group 50 is the most expensive group to insure, and it’s usually made up of the most powerful and luxurious cars. These cars are expensive to repair, and they have a higher risk of being stolen, so they’re more expensive to insure. Some of the cars in group 50 include the BMW 7 Series, the Mercedes-Benz S-Class and the Porsche 911.

Does the Group Affect the Cost of the Policy?

Yes, the insurance group can have a big impact on the cost of your policy. Cars in the higher groups will usually be more expensive to insure, while cars in the lower groups will be cheaper. However, the cost of the policy will also depend on other factors, such as your age and driving experience, so it’s important to shop around for the best deal.

How Do I Find Out My Car’s Insurance Group?

The best way to find out your car’s insurance group is to check the ABI’s website. You can search for your car using the make and model, and it will tell you which group it’s in. You can also check with your insurer if you’re not sure, as they’ll be able to tell you which group your car is in.

Knowing your car’s insurance group can help you get the best deal on your policy, so it’s important to check before you buy.