Looking for a new car but confused about car insurance groups? Don’t worry – we’ve got everything you need to know!
To get an accurate impression of how expensive a car will be to insure, every car in the UK is grouped between 1 and 50 - 1 being the cheapest and 50 being the most expensive to insure.
When you’re buying and insuring a car, insurers take numerous factors into consideration when calculation your car insurance premium – one of the most significant ones being the model of the car you’re insuring. Simply put, some cars are more expensive to insure than others.
So how do you know how expensive your chosen car will be to insure? Well in many cases, you can probably make a good guess. Insurers base their calculations on risk – the more likely you are to claim, the higher your insurance premium. To get a better idea - a Ferrari could be rated around insurance group 50, whereas a Fiat Panda can be a low as group 3.
It’s worth checking the insurance group of the car you’re looking to buy, before parting with your hard earned cash to make sure you’re able to afford the insurance on it too. Thatcham provide a search facility on their website. It's a free service, you'll just need to follow their instructions to register and log in.
It’s a well-known fact that the cost of insurance for young or inexperienced drivers can be expensive. Choosing a car that is in a low insurance group is a great way to make those all-important insurance costs a bit more manageable.