Discount Car Insurance Groups

One of the main factors in calculating your car insurance is understandably what car you drive, if you drive a Ferrari Enzo, of course your car insurance is going to be higher than if you were driving a Ford Fiesta. But how do you know what cars are in what groups?

As a rule of thumb, the faster, more expensive a car is, the higher the group it will be. There are a total of 20 insurance groups with group 20 being reserved for high risk and expensive cars. So what factors affect where a car is placed:

1) Cost - An expensive car is going to cost more to insure because it will cost more to repair if it is in an accident or stolen. For example a Porsche Carerra 4 costs upwards of £60,000. If that car is stolen, the insurance company will need to pay out ~£60,000 to have it replaced which why the insurance premiums for sports cars are so high. At the other end of the scale, an F reg Fiesta is unlikely to cost a great deal to replace and will therefore be much cheaper to insure.

2) Speed - The faster a car goes, the more damage it can cause, at least thats the theory. Supercars can reach speeds in excess of 200mph and at this speed a great deal of damage can be done to both the car and its surroundings.

3) Theft - Desirable cars are of course more liable to theft which is another reason that they are grouped high. Expensive sports cars are increasingly being stolen to order to ship overseas where they cannot be traced.

4) Affordability - Some cars are grouped higher than their peers because they are a mid point between being cheap and fast. For example, cars that are very popular with young male drivers may be given extra weight because there is a trend saying that they are a high risk.

This article is the first of a series that will discuss some of the best cars available for different people.