Factors Considered For Car Insurance Groups

What is car insurance groups?

There are 50 insurance groups, and generally, the lower the group, the cheaper your insurance premiums will be. High cost or high performance car will be categorized into higher groups. Car insurance for groups play a big role in determining the premium.

Factors considered to group cars:

• Cost of damage: The cheaper it is to replace or repair these parts, the lower the grouping is likely to be.

• Availability of body shell: The ratings of the group can get affected by the availability of the body shells. Because they may well be required in the repair of damage to a car.

• Performance of the car: If the car has high performance in speed, acceleration, then it’ll probably get a higher group rating.

• Security level: Security locks on doors, visible Vehicle Identification Numbers (VIN), alarms and immobilizers etc are the factors deciding the level of security of the car. The more secure the car, the more likely it is to achieve a lower grouping.

• New car values: The new car price and specifications provide a guide to replacement and repair costs.

• Compatibility of the bumper: The structure and the alignment of the bumpers can help a car to receive a lower insurance rating.

One of the best ways to cut the cost of your policy is buying a vehicle in one of the lower insurance groups. Adding some security-enhancing systems, such as recognised and approved immobilizers and alarms can make your car more secure and therefore reduce the chances of you claiming due to theft.