Fact - the make and model of your current car or your new car will largely have an effect on the car insurance quotes that you are able to obtain, whether high or low. This is hardly an obscure fact because most people know it, but what they do not know is that this effect is all part of a grouping system.
According to The AA, there are 20 insurance groups that your car could fit into, but there are actually around 50 groups now as a result of the amount of high performance cars that are produced and the relative expense associated with them.
Your car insurance quotes will reflect the car you own at the moment and the ones that you will own in the future. A Vauxhall or a small Ford, like a Fiesta for example, will be in the lowest insurance groups. However, if you have a limited edition performance car then it is a possibility that you may not be able to afford the insurance at that grouping level (taking your age and driving record or experience into consideration of course). A Zonda is a great example of this!
It can be difficult to estimate exactly how much car insurance for a new car would cost without getting quotes unless you look at the group your car is in. The general rule is the lower the car insurance group the less money you will pay to insure your car.
The structure of the car insurance groups is complex and contains many factors. All of them add up to the level of risk for the insurer. That is both how likely you are to have an accident and how much it will cost them to pay for a new car or repairs. The higher the risk, the higher the group and the more you will have to pay.
There are several factors taken into account when it comes to placing an individual car in a group. Many of the factors you will be aware of. For example, car insurance quotes reflect the grouping number; in that the cost to replace a car when new, the overall cost of repairs and the performance of the car are all taken into account. The latter factor incorporates the acceleration, the top speed and the image of the car.
However, there are a few factors that many drivers do not think about, such as the shell of the car and how readily available and cost effective a new one would be. In fact, the more difficult it is to get a hold of parts, the more expensive your car insurance quotes will probably be.
And finally the bad news - you may have learned all of this for nothing! Some car insurance companies just ignore the groupings associated with the insurance. It is only a guideline because the individual company sets its own premiums. Most do take note of them but at least this has prepared you just in case!
According to The AA, there are 20 insurance groups that your car could fit into, but there are actually around 50 groups now as a result of the amount of high performance cars that are produced and the relative expense associated with them.
Your car insurance quotes will reflect the car you own at the moment and the ones that you will own in the future. A Vauxhall or a small Ford, like a Fiesta for example, will be in the lowest insurance groups. However, if you have a limited edition performance car then it is a possibility that you may not be able to afford the insurance at that grouping level (taking your age and driving record or experience into consideration of course). A Zonda is a great example of this!
It can be difficult to estimate exactly how much car insurance for a new car would cost without getting quotes unless you look at the group your car is in. The general rule is the lower the car insurance group the less money you will pay to insure your car.
The structure of the car insurance groups is complex and contains many factors. All of them add up to the level of risk for the insurer. That is both how likely you are to have an accident and how much it will cost them to pay for a new car or repairs. The higher the risk, the higher the group and the more you will have to pay.
There are several factors taken into account when it comes to placing an individual car in a group. Many of the factors you will be aware of. For example, car insurance quotes reflect the grouping number; in that the cost to replace a car when new, the overall cost of repairs and the performance of the car are all taken into account. The latter factor incorporates the acceleration, the top speed and the image of the car.
However, there are a few factors that many drivers do not think about, such as the shell of the car and how readily available and cost effective a new one would be. In fact, the more difficult it is to get a hold of parts, the more expensive your car insurance quotes will probably be.
And finally the bad news - you may have learned all of this for nothing! Some car insurance companies just ignore the groupings associated with the insurance. It is only a guideline because the individual company sets its own premiums. Most do take note of them but at least this has prepared you just in case!
