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What does a car insurance group mean?

Today all existing vehicles and all new vehicles built for sale in the UK market are issued with a car insurance group by the ABI (Association of British Insurers). There are several factors that go into deciding what insurance group a vehicle should be set at, the range goes from one to twenty. Things such as the engine size, performance and cost of the vehicle will be taken into consideration when such decisions are made.

Until the ABI standardised the insurance grouping of vehicles, it was left to each individual insurer to group each vehicle themselves, which was largely based on their opinion of the vehicle and largely on the track record for their underwriting performance for such or similar vehicles. Now all insurers use ABI groupings and most build such data into their rating algorithms, but some may still add additional ingredients if they feel necessary for certain vehicles and risks.

So, does the insurance group of a car make much difference? Yes, it certainly does and depending on the other risk factors, such as your age or where you live, for example, this alone could have a dramatic effect on the resulting insurance premium.

Generally it is advisable for new, inexperienced and young drivers to opt for lower grouped vehicles in the first instance as getting onto the insurance ladder can be quite costly. Once on, you will be building up no claims bonus, become older, become more experienced and hopefully build up a good track record of not picking up any penalty points on your license. Add to this staying accident and claim free and this allow you do move up the vehicle grouping scale with your wallet still in tact!

As we mentioned, the scale of insurance groups runs from one to twenty. As you would expect cars such as Porsche and Ferrari are grouped 20 and a lot of the small engined Peugeot’s and Renault’s are 3 or 4. Every now and again you may find the odd anomaly with the ABI insurance groups, like a high powered diesel car being grouped too low and be prepared if you are buying a brand new model or a limited edition model, the website you try or call centre you ring may not be updated with your exact model as there can sometimes be a delay between a vehicle being introduced by a manufacturer and it being grouped by the ABI an propagated to the various Insurers computer systems.

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