Every car belongs to an insurance group, which is defined by the Group Rating Panel. The groups range from one to 50 and, broadly speaking, the lower the insurance group your car is in, the lower the cost of your Car Insurance premium will be. The Group Rating Panel, which is made up of insurance industry representatives, considers several different factors to determine which cars fall into which groups.
For example, a fast sports car will tend to have a higher insurance group than a family hatchback, and therefore cost more to insure. As mentioned, there are several different factors that come into play when the panel is deciding which cars sit where. This includes the cost of replacement parts — the lower these cost, the lower the car insurance group will be. High-performance cars with faster acceleration and higher speeds are considered a greater risk, so will end up in a higher car insurance group.
Car insurance groups, costs & advice
Below are some examples of where popular cars sit within the car insurance groups — just be aware that any modifications or special features may put your car outside of its typical group:. Read more about why Car Insurance premiums can go up.
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With increased risk on the part of the insurer comes and increased financial burden on the part of the driver. Insurance prices dramatically reduce when you turn The no claims bonus is one of the best ways to reduce the cost of your insurance policy, and so it makes sense to want to protect it. You can take out a specialist policy to insure your no claims bonus, but you should weigh up the expense to make sure it's worth it. Supplying incorrect information about yourself, your vehicle, or your driving history or failing to update your insurer when these details change can invalidate your policy.
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You also have to properly inform your insurer of the postcode in which the vehicle will primarily be kept. Failure to notify the DVLA and your insurer of certain health conditions, including poor eyesight, epilepsy, and stroke, can result in your policy being invalidated and you facing fines or possible prosecution.
Your current insurer will be able to provide you with this information. When your policy term ends, they should supply you with proof of your NCB, which you will then need to pass on to your new insurer. Some insurers, however, will simply reduce your NCB by the number of years since you last held insurance. Generally, UK car insurers will not accept no-claims bonuses from outside the EU, but you should contact insurers directly to see which NCBs they will accept and what proof they require. All UK insurance policies will supply the legal minimum of third-party cover for driving in the EU.
Until recently it was common for comprehensive policies to provide you the legal minimum of third-party cover when you were driving a vehicle not listed on your policy, such as one borrowed from a friend or a hired car. And many drivers are still convinced they can simply hop behind the wheel of another car. In fact, insurers are now placing strict limits on this so-called driving-other-cars DOC benefit, with some eliminating it entirely for drivers under 25 and for those with certain occupations.
Under the Equalities Act , car insurers are not permitted to raise your premiums or increase your excess because of your medical condition without evidence that it increases the risk of you making a claim. These alterations will generally increase your premiums, because they will make your vehicle more expensive to repair.
You can also get a full annual policy on your provisional license and then cancel or update it once you have passed your driving test. The more information you supply, the more accurate the quotes you get will be.
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Vehicle Information Different cars cost different amounts to insure. Claim history We'll need details of any accidents you've had or claims you've made in the past five years. Other drivers Include details of any other named drivers that will be sharing your policy, as this will affect the prices you're offered. Voluntary excess The higher you set your voluntary excess, the less you'll pay each month, but the more you'll pay in the event of an accident.
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Make sure you've got these details ready when you want to compare. Start a free quote. How to get cheap car insurance quotes Car insurance can get expensive if you're not careful, and prices tend to go up every year. Choosing the Right Type of Car Insurance Policy There are three main types of car insurance policy available for you to choose from:. Fully Comprehensive The priciest car insurance policies will be fully comprehensive, offering the highest level of cover available and, depending on the particular policy, will cover you for more or less anything.
What else affects the cost of a car insurance policy? Age Younger drivers typically those under 25 are statistically far more likely than older drivers to get into accidents. Gender Before , insurers would openly charge women less than they would charge men for cover. Guides on Comparing Car Insurance When it comes to car insurance, the more you know, the more likely you are to be able to get the absolute best deals around.
No Deposit Car Insurance No deposit car insurance is a term used to refer to policies that you can take out without paying a large amount up front. Find out more. Car Insurance Groups Different cars are placed into different groups numbered according to things like size and power, with cars in higher groups costing more to insure. Types of Insurance Policy As well as the main three types of car insurance third party; third party, fire, and theft; and fully comprehensive , this guide will cover some of the optional extras you can get like breakdown cover.
Insurance for Younger Drivers Car insurance is more expensive for drivers under the age of No Claims Discounts One of, if not the most effective way of reducing the cost of your car insurance is to maintain a no claims discount. Pass Plus By taking a pass plus test in addition to your standard driving test, you can demonstrate that you are a safe driver, and you're premiums will go down accordingly.
Car Insurance FAQs.
Insurance Group Rating - Thatcham
Do I need to insure my car if I'm not driving it? What level of car insurance is legally required?
Which type of policy should I choose if I want the cheapest car insurance? How long will my policy last?
Can I drive someone else's car? Why is it more expensive for younger drivers?
Can I protect my no claims bonus? What penalties would I face for driving without insurance? What would invalidate my car insurance policy? What is a no-claims bonus NCB? How do I find out how many years no-claims bonus I have? Can I use my no-claims bonus from abroad?
exucitygobet.ga Will my insurance policy be valid in Europe? Will my comprehensive policy cover me when I drive another vehicle?
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