Car insurance groups?

The_Tank

Hi, Newbie to the forums here

I wanted to ask anyone who has knowledge on this topic..

I recently compared prices for insurance on two vehicles, an Audi A4 and an Audi A2.

The A2 was insurance group 13-15, the Audi A4 was insurance group 29.


With exactly the same details as far as I can see, the Audi A2 came out £10 more expensive... Any idea how that works out?

As I thought insurance group was an accurate way to determine the cost bracket for car insurance..:huh:

vaio

Been covered lots of times....

In a nutshell, the insurance group is a starting point which then gets modified by insurers. Some of the factors used might be claims history for the two models and/or age, gender, occupation & experience profiling and/or the particular market segment the insurer want to attract.

As these might well vary between insurers the advice is always shop around, if DL are cheaper for the A2 it might well be that Admiral will be cheaper for the A4

InsideInsurance

The_Tank wrote: »

As I thought insurance group was an accurate way to determine the cost bracket for car insurance..:huh:

No, they are predominately a way to work out the cost of repairing the car if you drive into a wall. This is then modified by the level of security and slightly by the top speed.

Insurers will use it as a ball park to start off with when there is a brand new car made but quickly switch to their own rating which is based on their actual claims experience.

What the groups dont reflect is the type of people that buy them/ driving styles of such people. Its fine to say an SLK is much more expensive to fix than a 206 GTI but when the later is involved in 4 times as many accidents the repair cost differences goes out the window.

The_Tank

Superb, thanks for your response... sorry for asking a question that's already been raised.

Appreciate your patience and thorough response


I guess there's no real way of getting a good idea of which car is cheap to insure without going into each insurance company's databases?

...other than getting a quote for each car

forgotmyname

Even 2 seemingly identical cars can have different quotes.

I did a quote on 2 2004 Ford KA's, Same engine, Same spec and even the same colour yet one was dearer to insure than the other?

InsideInsurance

forgotmyname wrote: »

Even 2 seemingly identical cars can have different quotes.

I did a quote on 2 2004 Ford KA's, Same engine, Same spec and even the same colour yet one was dearer to insure than the other?

When you say "I did a quote", do you mean you went to one insurer and did one quote on each or are you meaning you went to the aggregators and did a quote on each and the top insurers price was different?

What triggered you to do this test?

InsideInsurance

The_Tank wrote: »

I guess there's no real way of getting a good idea of which car is cheap to insure without going into each insurance company's databases?

Avoid anything that teenagers/ early 20s drive and in particular anything that a boy racer would like (irrespective of their age or gender)

forgotmyname

Both. I did the original quotes on one of the comparison sites. Thought it odd that one car came out cheaper.
I got the same results after several attempts so not down to the number of quotes.

I think i then tried direct line and got the same results. The one always came out more expensive. They were 2 random cars off ebay so i didn't know the history of them.

InsideInsurance

forgotmyname wrote: »

Both. I did the original quotes on one of the comparison sites. Thought it odd that one car came out cheaper.
I got the same results after several attempts so not down to the number of quotes.

I think i then tried direct line and got the same results. The one always came out more expensive. They were 2 random cars off ebay so i didn't know the history of them.

Would be interested in the reg numbers if you wanted to PM them to me.

I could understand a small number of insurers giving different prices for one of a variety of reasons but for it to be more widespread seems odd.