What Does Insurance Group 15e Mean

Car insurance group 15 there are 50 car insurance groups and generally the lower the number the cheaper the insurance. 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 insurers. Thats where the car insurance groups which all modern cars fall into come in.

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Car Insurance Groups Explained Moneysupermarket

Uk Car Insurance Groups Explained What Do They Mean For You And

Car Insurance Groups Explained Moneysupermarket

The groups range from 1 to 50 with the lower groups being the cheaper option to insure.

What does insurance group 15e mean. Your car may be in the lowest insurance group but there are a few things that will make the price bump up. Car insurance groups explained the cost of insuring your car will be influenced by a number of factors one of which is the insurance group that your vehicle falls into. This panel decides which insurance group new car models fall into group one being the cheapest and group 50 the most expensive to insure. The insurance group rating is the key.

In an ideal world you would be offered the cheapest insurance deal possible each year by your insurer but sadly the reality is that insurance companies are in the business of making money so premiums tend to go up rather than down. Insurance group ratings are advisory insurers dont have to follow them. The association of british insurers abi determine a cars insurance group. Whilst the insurance group of your car is taken into account its not the biggest factor.

Groups are based on your cars power value security and repair costs. Here we give you access to all 50 groups meaning you can find inspiration for which car to buy from a car insurance price perspective. An insurance group is a method to determine the cost of insuring your car based on which group theyre assigned to. Insurance grouping is decided by the group rating panel members of the association of british insurers and the lloyds market association which is supported by thatcham research.

What is the group rating system. A common misconception is that its only where the car is parked overnight that matters however that is not the case. Visit parkers today for ways to save on group 15 car insurance with the latest deals online. Every make and model of car on uk roads today will have been assigned to a group based on certain criteria from the engine size to the cost of replacement parts and these are numbered from 1 to 50.

View cars in insurance group 15. Car insurance groups are broadly set by the group rating panel and administered by thatcham research. In the uk cars are organised into groups which are then used by insurance companies when calculating your insurance quote. These insurance groups range from group 1 the cheapest cars to insure all the way up to group 50 the most expensive.

Start with group 1 if this is your aim generally.