Everyone feels confused about car insurance groups, you are not alone. To know what makes your car insurance cheap or expensive you must understand car insurance groups, how they work and why you fall into the chosen group. A quick reg check shows the insurance group your car falls into.
What Are Car Insurance Groups?
To understand the pricing of your car insurance premium, you have to imagine It like it is a game. Which car is like the other and what numbered group it falls in. the groups are numbered starting from group 1 to group 50. Group 1 has the cheapest insurance premium and group 2 is the most expensive.
How Are Cars Sorted into Groups?
Insurance companies look at a few things to decide which group a car belongs to:
- Car’s Value: If your car is more expensive, it’ll likely be in a higher group.
- Performance: Cars that go faster are often in higher groups because they’re seen as riskier.
- Cost of Repairs: If your car is easy and cheap to fix, it’s probably in a lower group.
- Safety Features: Cars with lots of safety features might be in lower groups because they’re less likely to be in accidents.
- Theft Risk: If a car is a popular target for thieves, it’ll be in a higher group.
How Does This Affect Your Insurance Cost?
Your car’s insurance group is decides how risky your car is to insure. Cars in lower numbered groups are classed as less risky to insure. This helps the insurance company give you the annual or monthly price to have your car insured.
Tips for Saving Money on Car Insurance
- Choose Wisely: If you’re car shopping, look for a car in a lower insurance group to save money.
- Beef Up Security: Adding extra security features to your car can lower its insurance group.
- Drive Carefully: Keeping a clean driving record can lead to discounts on your insurance.
- Shop Around: Don’t settle for the first insurance quote you get. Compare prices from different companies to find the best deal.
Understanding car insurance groups and what numbered group the car falls into will help you make smarter purchases when car shopping. Understanding car insurance groups can help you make smarter choices when buying a car and insurance. By choosing a car in a lower group and taking steps to be a safer driver, you can keep your insurance price down. And always remember to compare insurance quotes to ensure you’
