Car Insurance Risk Groups

With new technologies like black box insurance it s true that more data than ever is available to feed into the price you pay.

Car insurance risk groups. The scales have changed over time they were originally one to 20 changing to one to 35. Enter your registration to find out where your car sits. The more powerful expensive and rarer your car the higher the group it will be in. What are car insurance groups.

Key in your reg to find out where your car sits. The association of british insurers decides your car s insurance group from 1 to 50. Car insurance groups are often baked into the platforms that sit beneath the insurance quote forms playing an integral part in the rating engines that determine which price you re offered. What can affect a car s insurance group rating.

Class 2 insurance also written as class ii insurance provides a narrower range. Insurance that covers individuals that are not specifically named in an auto insurance policy. Each car is assigned to one of 50 car insurance groups and each group is assigned a rating based on the level of risk an insurer feels they carry. How many car insurance groups are there.

Every car belongs to one of 50 car insurance groups which band cars from the cheapest to the most expensive to insure starting with group one the cheapest and ending with group 50 the most expensive. Car insurance postcode risk list every area in the united kingdom is risk assessed by insurance companies based on their crime and claim statistics. What do car insurance. Cars with a group 1 insurance rating carry the lowest risk to an insurer for example they might have a lot of safety features or are only capable of moderate speeds.

This is because higher performance cars are deemed to be at higher risk of an accident. Currently vehicle groupings are on a one to 50 scale where one is low risk and 50 is high risk. Contractors all risks car insurance is a non standard insurance policy that provides coverage for property damage and third party injury or damage claims the two primary types of risks on. Your postcode can have quite a substantial effect on your insurance premium even if you are a very safe driver.

To make things easier and fairer the insurance industry uses insurance groups for cars. Every car in the uk is allocated an insurance group to help insurers work out the cost of cover running from 1 cheapest premiums to 50 highest.