Car insurance groups?????

KG

I am looking at buying a second hand car at the and a lot of the ads quote 'low insurance group' as a selling point. I get that this means it's cheaper to insure, but can anyone give me perspective on this?

For example 'Insurance group 4' doesn't mean anything to me as I am not sure how far the scale extends or whether '1' is the highest or the lowest.

Any ideas???

Ta

KPG

karenx

It goes up to insurance group 30. Used to be 20 but a few years ago it was extended. So I would say a 4 would be pretty low. But insurance also goes down to age and area etc aswell! As your on the westcoast I would imagine its a pretty low car crime area. What island do you stay on?

da1seggy

This is a useful site:
http://www.parkers.co.uk/insurance/#ig=0

You can select by car (so if you have a car in mind), or by Group to see which cars fall into that category.

Essentially, the lower the group, the cheaper the car will be to insure

maninthestreet

There are now 50 insurance groups.

vaio

I thought I'd heard that too but the parkers link above still only goes up to 20

vaio

KG wrote: »

I am looking at buying a second hand car at the and a lot of the ads quote 'low insurance group' as a selling point. I get that this means it's cheaper to insure, but can anyone give me perspective on this?

For example 'Insurance group 4' doesn't mean anything to me as I am not sure how far the scale extends or whether '1' is the highest or the lowest.

Any ideas???

Ta

KPG

Group is a guide only (lower is cheaper) but other factors can be important.

According to the parkers link mine is a group 20 and OH’s is a 16. Both got renewed early this year. As usual adding slightly older OH to my policy chopped £20 off my premium but for some reason her final premium came out £40 more than mine despite my car being worth more, considerably faster and I cover twice the business miles.

I suspect a lot depends on what sort of customers/cars the companies are trying to get at the particular time you take the policy out.