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Car Insurance Groups

A Quick Guide From iKube

Car Insurance Groups Explained For Young Drivers

Did you know that the insurance group your car falls into is a determining factor in calculating your young driver insurance or learner drivers' car insurance premium?

There are a vast number of car insurance groups (1 - 50), and the lower the vehicle is grouped, the lower your young drivers’ insurance premium tends to be. So, if you're looking for a new car and what to keep your insurance premium low then here are a few things to consider:

Cost of Car to Repair

A substantial amount of the money paid out on a young drivers car insurance claim goes towards vehicle repairs, according to figures by the ABI, which is why you need to consider:

New Car Costs

The cost of a new car is normally an indication of the cost of replacement or repair, so the higher these costs could indicate expensive repair / replacement costs.

Car Parts Availability

Availability of car parts, such as the body shell, is important when factoring your car insurance. For example, if you buy a Ford Fiesta and you know that they are manufactured in Coventry, for instance, then the availability of car parts could be higher than for another car that is manufactured abroad.

Time to Repair the Car

The time it takes to repair the car is an important consideration as it’s basically a costing of labour. So, the longer it takes to fix the vehicle, the more it will cost the company. As a result of this the car insurance could be higher.

Car Performance

High performance cars tend to have more frequent car insurance claims made on them so if you’re considering buying a sporty car that falls into the higher performance category you could end up getting a higher group rating, leading to a higher insurance premium.

For many new drivers it is advised to buy a car that has a relatively small engine (between 1 – 1.4 litre).

Security Features

When you’re looking at cars to buy security features are worth considering so if security features such as immobilisers, alarms and coded audio equipment come as standard with the car you could find that the cost of car insurance for young drivers is greatly reduced.

There are a number of other factors taken into account, however, if you want to find out the car’s insurance group then it’s worth using Thatcham’s car insurance group calculator  to find out.

iKube and many similar products will have a maximum car group that is insurable, however, it is strongly recommended to talk to the insurance provider directly before buying the car to ensure they can cover you.

iKube Insurance is a trading name of Towergate Underwriting Group Limited. Towergate Underwriting Group Limited is authorised and regulated by the Financial Conduct Authority.
Registered in England No: 4043759. Registered office: Towergate House, Eclipse Park, Sittingbourne Road, Maidstone, Kent, ME14 3EN.