Congratulations, you did it! You’ve passed your test and now on your way to driving your first car!
All cars belong to an insurance group, that’s decided by the Group Rating Panel which includes Insurance industry experts. All the factors mentioned are considered before categorising cars from group 1 to 50. The higher the number, the riskier it is to insure which increases your insurance premium. So if you’re looking to cut costs, look for a motor that’s in a lower insurance groups. Simple, eh!
Black Box Insurance can help make insuring your first car more affordable, as it allows new drivers to prove that they are safe drivers – and the clever black box and app encourage safer driving, which means you are less likely to be involved in an accident. As we already know, the lower the risk of accident, the cheaper the insurance premium should be.
Unsurprisingly, the car you drive impacts your insurance premium. So, when car shopping bear in mind these factors - you may end up with a Ford rather than a Ferrari, but it should make your insurance cheaper:
Insurers look at lots of personal factors that you often can’t do much about such as a sudden career change or inventing time travel, but it’s worth knowing.
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