Every car belongs to one of 50 car insurance groups, which are used by insurers to help set the premium you pay. Cars in group one are the cheapest to insure, while those in group 50 are the most expensive – and the more powerful and luxurious your car, the higher the group it will be in.
What is the cheapest UK car insurance group?
Group 1 cars are the cheapest to insure, while cars in group 50 are the priciest. Cars in higher groups are more likely to cost insurance companies the most in claims, which is why they are the most expensive to insure.
Is insurance Group 1 high or low?
A group one car is the cheapest category of cars to insure. It’s decided by things like engine size, value, security and potential repair costs.
What is the lowest insurance group number?
What is the cheapest insurance group? Insurance groups range from 1 to 50, with 1 being the cheapest and 50 being the most expensive. Group 1 is the lowest insurance, but it’s a fairly uncommon category so it’s best not to box yourself into the idea of finding a group 1 model.
What car insurance Group is the cheapest? – Related Questions
Is insurance Group 22 high?
Cars in insurance group 22 are moving towards the most expensive part of the scale in terms of insurance premiums. Indeed, cars in insurance category 22 are more powerful and expensive. Pieces are more difficult to find when the car is damaged and repairing costs are often higher.
Is insurance group 03u cheap?
Typically, cars in insurance group 3 are some of the cheapest cars to buy, and they have smaller engines as well as good safety and security features. They’re usually easy and quick to repair, with parts and labour easy to find.
Is insurance Group 8 high or low?
Cars in insurance group 8 are some of the cheapest to insure. This is because they will be popular cars that are known for being reliable and it should be pretty easy to find spare parts and to repair one. This means costs are kept lower for an insurer and therefore insurance premiums will also be low.
Is insurance group 3e cheap?
Cars in insurance group 3 are often on the cheaper side of the scale when it comes to car insurance, which is good news if you have a car in this group or if you’re looking to purchase one.
What is Group 2 insurance?
With group 2 being one of the lowest insurance groups, the cars that fit into this category usually score well in factors used to determine the group ratings such as having good car safety features, being inexpensive to repair and possessing less powerful engines.
Is insurance Group 7 high?
Cars in insurance group 7 are some of the cheapest to insure. This is because statistically they are less likely to be in an accident. Their parts will also be relatively easy to get hold of and it won’t cost too much for repairs. This keeps costs down for insurers which means premiums remain low.
Is insurance Group 13 high?
Cars in insurance group 13 are on the lower end of the Thatcham’s range of 50 car insurance groups, so they’re normally good value. They tend to have good security and safety features, average performance and relatively low repair costs, so they’re seen as less of a risk by insurance providers.
What is a Group 7 car?
Group 7 cars were defined as “two-seater competition vehicles built exclusively for speed races on closed circuit“. There was no minimum production requirement necessary to earn homologation.
What is a 7E insurance Group?
A group 8 car with an excellent security rating will be moved down to group 7, and rated as 7E. Conversely, a group 8 car with a poor security score will be moved up to group 9, and rated as 9D. Another way for a car to improve its insurance group rating is by offering a high standard of safety.
Is insurance group 26e high?
Insurance group 26 cars are priced just above average. That means they typically rank just above average for the factors used to rank these groups, including market value, repair costs, safety features, etc.
Is 31e a high insurance group?
What does car insurance group 31 mean? Vehicles in insurance group 31 are starting to reach the highest part of the scale in terms of insurance quotes. Cars in insurance group 31 represent higher risks to insure for providers. Engines are bigger, repairing costs are higher.
What does 4E insurance Group mean?
E: means a vehicle has exceeded its security requirements so its group rating has been reduced. As an example: your 4E car would normally be in Group 5 if it wasn’t for its security features.
What is insurance Group E?
Each insurance group rating number will be accompanied by a letter. E – Your vehicle exceeds the security criteria for the group and therefore has had its rating upgraded.
Is insurance group 04e cheap?
Cars in insurance group 4 usually have smaller, less powerful engines, so relatively speaking they’re a bit cheaper to insure. Of course, there are plenty of other factors that come into play such as a driver’s age, history and habits, but insurance group 4 is a good place to start if you want to keep costs down.