Understanding car insurance groups and how cars are classified is important if you are living in the UK since it is one of the factors that car insurance companies use in assessing the premium of a potential policyholder. If you are planning to buy a new car insurance policy, here is a guide to the different car insurance groups that you might want to go through first.
Car Insurance Groups 1 to 5
The vehicles which belong to the lowest groups are the ones which are generally the smallest and cheapest. They are not expensive to repair and replace and they usually come with the basic safety features such as an immobilization system and an alarm system. Because the cars that belong to car insurance groups 1 to 5 are the least risky to insure, they are also the ones which are given the lowest premiums.
Car Insurance Groups 6 to 10
Although the cars which belong to these groups have lower than average to average retail values, they are considered to be higher-performance vehicles compared to those that are on groups 1 to 5. The cars in groups 6 to 10 may also be equipped with more luxury features, making them slightly more expensive to insure.
Car Insurance Groups 11 to 15
These groups would be where the bigger vehicles like SUVs would belong to. Due to their larger size, they are assumed to have a higher likelihood of causing more damage on the road. They may also be more expensive to repair, which is the reason why they would also be more expensive to insure.
Car Insurance Groups 16 to 20
The cars which belong to these highest groups would be the high performance cars, luxury cars and other high-end vehicles. They have the highest retail value and are the most expensive to replace and repair. Although these cars often have more safety and security features than lower value cars, their parts usually cost much more and are harder to find, which is why insuring them can be quite costly. If you have a car which belongs to one of these higher groups, you need to know that there are some insurance companies that refuse to insure them and those that do might have limits on the vehicle’s insurable value.
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