 |
Car insurance information |
 |
|
Motor Insurance Group System
Car Insurance premiums in the UK are usually worked out in part by the Insurance Group that your car fits within Insurance companies calculate risk over many factors but this factor is one of the main. The higher the category number of your vehicle, the higher your premiums are likely to be.
Factors used to calculate group ratings include the power of the vehicle and potential repair/part costs. To keep your premiums lower, buying a car from one of the lower Car Insurance Groups can only help.
However, it is highly worthwhile to get quotes on each and every car that you are considering buying. A dealer at the garage may tell you that a certain cars is in a particular insurance group but Insurers often place these cars in different groups themselves, given their experience with that particular make and model.
Furthermore, the group can only ever be an indicator of what level of premium may actually end up being charged. The age of the car, its value, engine size, modifications and other factors all play a roll in the premium calculation and should never be looked at separately.
It is usually well worthwhile getting a Car Insurance quote on every car that you are seriously considering so that no sudden surprises await you at the point you decide to buy.
Our Car Insurance quotes are valued for 30 days.
|
|
| << Back |
|
Contact |
Sitemap |
Insurance glossary
Endsleigh Insurance Services Limited are authorised and regulated by the Financial Services Authority.
Click for a quote and you will enter the Endsleigh website and their specially designed quote engines.
