{"id":477,"date":"2014-01-31T16:16:39","date_gmt":"2014-01-31T16:16:39","guid":{"rendered":"http:\/\/staging.ingenie.com\/young-drivers-guide\/?p=477"},"modified":"2019-05-01T17:17:12","modified_gmt":"2019-05-01T16:17:12","slug":"what-are-car-insurance-groups","status":"publish","type":"post","link":"https:\/\/www.ingenie.com\/young-drivers-guide\/what-are-car-insurance-groups","title":{"rendered":"What are car insurance groups?"},"content":{"rendered":"

Since 2007, all cars have been categorised into one of 50 insurance groups, with 1 being the lowest and cheapest in terms of insurance premiums.<\/p> \r\n\r\n

As new cars come to market, a group of boffins get together to decide how they should be rated using, mostly, data collected by the Motor Insurance Research Repair Centre at Thatcham.<\/p>\r\n\r\n

So what do they take into consideration?<\/h2>\r\n\r\n

You\u2019d be forgiven for thinking it\u2019s simply car value combined with engine capacity that determines insurance grouping, but there\u2019s more to it than that. <\/p>\r\n\r\n

Top tip:<\/strong> Larger engines often mean higher insurance groups and more costly insurance.<\/blockquote>\r\n\r\n\r\n
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    Performance and value<\/h4>\r\n\r\n

    Insurers look at the value and performance of the car because statistics show that more powerful cars are more likely to be involved in a crash.<\/p> \r\n\r\n

    Security features matter too - don\u2019t forget insurance covers you for theft as well as accidental damage.<\/p>\r\n\t\r\n\t \r\n\t\r\n\"Click<\/a>\r\n\t \r\n<\/li>\r\n\r\n

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    Cost of repairs<\/h4>\r\n

    Across all drivers, carrying out repairs accounts for a hefty 50 percent of all insurance payouts. But with young drivers, it tends to be less of a factor - especially if you choose a popular, more affordable car like those popular with our customers.<\/p> \r\n\r\n

    And it\u2019s not just the cost of the parts themselves that matters; insurers also look at how badly damaged different models of car tend to get in a crash, as well as the speed of repairs. In fact they even take into account the paint finish on your car!<\/p> \r\n<\/li>\r\n\r\n<\/ol>\r\n\r\n

    Now for the good news<\/h2>\r\n\r\n

    Once you build up a few years of No Claims Discount (NCD) and a good driving record, you\u2019ll be able to look at cars in higher insurance groups without breaking the bank.<\/p> \r\n\r\n

    Check out our favourite cars from car insurance group 1<\/a> - the most affordable there is!<\/strong><\/div>\r\n","protected":false},"excerpt":{"rendered":"

    Since 2007, all cars have been categorised into one of 50 insurance groups, with 1 being the lowest and cheapest in terms of insurance premiums. As new cars come to market, a group of boffins get together to decide how they should be rated using, mostly, data collected by the Motor Insurance Research Repair Centre […]<\/p>\n","protected":false},"author":49,"featured_media":3032,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-477","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-car-insurance","car-insurance"],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\t\n\t\n\t\n