Whether you’re buying your first car or looking to change your car, the cost of insurance may impact the car you choose. While there are many variables when it comes to car insurance, one of the most important things to consider is what car insurance group the car you’re looking at falls into.
So what are car insurance groups? In the UK, every car is allocated a car insurance group. The groups range from Group 1 (the cheapest) to Group 50 (the most expensive).
The group rating a car falls into depends on many factors but generally the more powerful, more expensive and rarer the car, the higher the insurance group. However, group rating is multi-faceted so it is rarely this simple and you’ll find cars that prove the exception to this generalisation.
The rating system is run by a research institution made up of experts from Thatcham, the Association of British Insurers and Lloyds Market Association.
There are multiple factors affecting the insurance group a car falls into including:
These factors also mean that insurance group ratings can vary within the same model depending on the specification/trim you choose.
Finding out what insurance group your car is now relatively easy and usually only requires a quick google. Many websites only require you to input the car registration to be able to give you the exact model and trim group rating.
If you don’t know the registration, you can search a car insurance groups list for the make and model you’re interested in. Just bear in mind you may get a range of groups as it may not be possible to narrow it down to the exact specification depending on what information is available on the list you use.
To keep insurance costs down, it is a good idea to choose a car with a lower group rating. However, car insurance groups are just one factor in determining your premium. Other factors such as the car’s value and age along with your driving experience are also taking into consideration.
The good news is there are plenty of cars available in low insurance groups. Some of the most popular cars available in insurance groups 1-10 include:
Citroen C1, Ford Fiesta, Hyundai i10, Nissan Micra and Vauxhall Corsa
Has this article helped you save money on your car insurance? Don’t forget to ket us know in the comments below.
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