Insurance for Group 11 car much higher than Group 30 car - Why?

ck_uk

Hi all,

I've just switched cars from a Jaguar to a VW, going from ins group 30 to group 11 in the process. Both cars are of a similar age. However, the renewal for the VW is coming up as £100 more, which I can't understand??

When I try the comparison sites, while the quotes coming back are better than my current insurer, they are all still much higher than expected.

Any ideas why?

DullGreyGuy

ck_uk said:

Hi all,

I've just switched cars from a Jaguar to a VW, going from ins group 30 to group 11 in the process. Both cars are of a similar age. However, the renewal for the VW is coming up as £100 more, which I can't understand??

When I try the comparison sites, while the quotes coming back are better than my current insurer, they are all still much higher than expected.

Any ideas why?

Our group 50 was cheaper to insure than a group 26 despite the group 50 being over 4 times the value too.

Insurance groups are based predominately on the cost of repairing them. Nothing to do with how expensive they are to insure. There is some secondary consideration to safety features, how easy they are to steal etc. 

Insurers arent concerned purely about how much a car costs to repair but also how often they have fault accidents. In addition own vehicle damage only represents about 50% of claims costs with third party costs making up the rest and if you have hit a pedestrian at 40mph it makes little difference if you are in a Corsa or a Le Ferrari. 

Claims exposure is impacted by own vehicle repair costs but what sort of person drives a particular car is at least as important hence why a hot hatch is more expensive to insure than more powerful, more expensive cars 

WellKnownSid

As above.  Our son switched from his first car to a 5 cylinder Volvo estate at 19 - insurance was cheaper and a fraction of what his colleagues were paying for their 1 litre VW hatchbacks.

Turns out that boy racers favour VW hatchbacks over brown Volvo estates.  Go figure!

GrubbyGirl_2

I just switched from a 6 year old 2 litre diesel Audi Q5 to a brand new Volvo XC40 2 litre petrol and my insurance went down.  I assumed because the Volvo is a lower risk in terms of accidents and theft

facade

WellKnownSid said:

As above.  Our son switched from his first car to a 5 cylinder Volvo estate at 19 - insurance was cheaper and a fraction of what his colleagues were paying for their 1 litre VW hatchbacks.

Turns out that boy racers favour VW hatchbacks over brown Volvo estates.  Go figure!

This was exactly the advice that Jeremy Clarkson was giving way back in 2009. (Top Gear S13E02 if you want to watch it again).

LightFlare

Maybe they are factoring in that a Jag is likely to spend more time off the road in a garage and is therefore at lower risk