"car insurance groups explained" - A new insurance group system has just been released that is requested to be more accurate premiums.
1.20 The above groupings have settled and replaced by a rating system of 1 to 50 - although in most cases the premiums will remain more or less at par.
Thatcham, the motor insurance repair research is behind the new groups and explains that the 10-20 age bands that were too narrow to reflect the true cost of repair of some models, especially cars more specialized as the minivan and SUV away. Now, the revised version of 10-50 groups will more accurately reflect the amount of a car repair costs after an accident.
Most of the cars to see his insurance group approximately doubled. For example, a Ford Fiesta 1.6 TDCi ECOnetic three-door goes from group 4 to group 11.
According to Thatcham as a general rule, if the group has doubled then the premiums will not change drastically. If the change is more than twice, the car can cost more in premiums, and less than a sure means twice as likely to be cheaper.
The new groupings are launched on January 1, 2010 after a period of two years when insurers are introduced along with the old system.
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