car insurance groups
Learn more about the group. What do they mean.
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1 is cheaper 50 is pricey.
. Most new cars are assigned to an insurance group a rating between 1 and 50 that indicates the level of risk as seen by the. 1 Independent testing company Thatcham puts new cars through their paces. Things like how powerful the car is security availability and cost of repairs all go towards deciding which group a car falls into.
Group Rating system The Group Rating Panel administered by Thatcham Research assigns new car models to an insurance group from 1 cheapest to insure to 50 the most expensive. Car insurance groups explained. Insurers use insurance groups to give different makes and models a group from one to fifty.
2 Impact performance damage costs repairability theft prevention and other factors are tested. Car insurance groups are set by the Group Rating Panel which includes members of the Association of British Insurers ABI and Lloyds Market Association LMA. Find out how they relate to running costs and theft resistance.
If youre changing your car youll want to think about the cost of insurance before you commit to buy. 3 A group number from 1-50 is assigned which car insurance companies use to help set the price of your quote. The insurance group rating is the key.
Generally those in lower groups are cheaper to insure and those in higher groups cost more.
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