I know you’re thinking that getting inexpensive car insurance is a myth, think again. Learning how a car insurance group works is a surefire way to save money on your insurance premium. The reason being is that by educating yourself, you’ll be able to make a better buying decision when car shopping. The Group Rating Panel sets car insurance groups. Meeting once a month, the panel determines an insurance group for every new passenger car that has been designed to UK specifications. This information is gathered from research completed by the Motor Insurance Repair Research Center.

A car insurance group consists of twenty different categories. Vehicles are set apart by group numbers ranging from one to twenty. In the end insurance companies are able to properly classify every car they insure and furnish you with the right level of car insurance. Each model is placed in a category of cars all bearing the same characteristics. On top of that, group ratings are also based on the costs of damage and parts, an estimate of how long it takes for cars to be repair, value, body shells, performance and security.

Family cars are in groups six through twelve with the exception of those with high-powered engines. Ferrari’s, BMW’s, Porsche’s and other sports cars fall into group 20. Vehicles like the Ford Focus and Renault Clio fall in the lower group range and will not cost as much to insure. Now that you have come to the end of this article, you have a clear understanding of how a car insurance group works. Use these guidelines to determine how to get the best price when shopping the web for car insurance.