Article Advise

submitted: Aug 13th 2008 | by: AlexDunn | Total views: 1 | Word Count: 502 | |

Did you know that the make and model of your car could affect the level of car insurance quotes that you are offered? Most people do know that, but what they do not know is that car insurance premiums are actually based on a grouping system.

The AA, one of the UKs most respected motoring institutions has asserted that there are 20 car insurance groups that a new car could fit into. However, if you purchase a high performance car then it could go up to group 50.

Car insurance groups will affect your car insurance quotes. If you have a Ford Fiesta or Vauxhall Corsa then that could be a good thing because cheap car insurance is well within your grasp. However, if you own a Zonda then you should expect to pay a fortune for your insurance every year. As you can probably guess, the Fiesta and Corsa are in the lower insurance groups whilst the Zonda is at the higher end.

Even if you try to estimate how much you would have to pay for car insurance when you get a new car, you will rarely ever be able to guess to close to the mark, unless you did a little research that is. The groups will give you an idea of the level of the quotes you will get because the lower the group, the lower your premium will be. At least, that is the general rule.

The car insurance group structure is based on a number of factors that affect how likely you are to claim and how much the insurer would have to pay out in order to repair or replace your car. The general rule is the higher the risk and cost, the higher the group, which will in turn put your car insurance premiums up.

Some of the specific factors that are taken into consideration when determining the group of an individual car, and thus the level of your car insurance premiums, are obvious. For example, the cost of the car when new, the amount of money it would take to repair it and the performance of the vehicle are the obvious factors. The latter includes the image (and thus how likely it is to get stolen), the top speed and the acceleration from 0mph to 60mph.

There are also a few little known factors, such as the body shell availability and its actual cost. If the shell is readily available then your premiums are likely to be cheaper. This applies to all parts because they have an equal effect on the scale of your car insurance quotes.

Now, after you have read all of the information above and resolved to look into your car?s insurance group, there is a spanner to be thrown in the works. Car insurance providers do not have to follow the groupings at all when offering car insurance. Most do but they do not have to. It is worth bearing this in mind given the fact that you could end up disappointed if you do not.

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