Insurance Groups: up from 3 to 10 - mikem004

Looking at a replacement for my 2002 Toyota Yaris. This has an Insurance Group of 3.

If I look at a comparable small Mitsubishi Colt 1.1 CZ1, 2006ish, the Insurance group is 10.

I suppose this is because the Mitsubishi is rarer, and parts may cost a little more?

Given that there are 50 insurance groups, would this difference in Insurance groups translate to higher premiums?

Currently paying about £180 p.a for the Yaris.

Insurance Groups: up from 3 to 10 - mikem004

Yaris is 1.0, Colt is 1.1.

May also go some way to explaining the difference in Insurance group.

Insurance Groups: up from 3 to 10 - gordonbennet

You won't know till you A, ask your own insurer (should take a couple of minutes max), B fill in a Meercat or similar insurer search engine form and see what comes up.

Groups don't necessarily mean higher premiums, new Civic typeR running some 300hp is stupidly cheap to insure.

Insurance Groups: up from 3 to 10 - mikem004

>Groups don't necessarily mean higher premiums<

This doesn't sound logical. Surely a group 20 will cost more in premiums than a group 10?

Insurance Groups: up from 3 to 10 - gordonbennet

Yes in theory but it doesn't always work out like that in practice, my own older Benz was group 18/19 iwhen i first bought her when they maxed at 20, cheap as chips to insure.

As i said before, you won't know till you get the quotes, from your own insurer (this is the moment you find out what your present insurer is really like) and via a search engine or two.

Edited by gordonbennet on 27/09/2016 at 18:13

Insurance Groups: up from 3 to 10 - FP

"Surely a group 20 will cost more in premiums than a group 10?"

For any one particular insurer, probably yes.

But a Group 20 car for Insurer A may cost less than a Group 10 car for Insurer B.

Insurance Groups: up from 3 to 10 - Bromptonaut

>Groups don't necessarily mean higher premiums<

This doesn't sound logical. Surely a group 20 will cost more in premiums than a group 10?

The steps between the groups are likely to be fairly small. But as GB says the onlyy way to a definitve answer is a call to your own insurer.

Alternatively a comparison site will give you a good idea.

Insurance Groups: up from 3 to 10 - daveyjp
Groupings are more about the likely level of payout for repairs and they also reflect security features.

If I crash an Aygo there is a high chance it will get written off, even if its not that old, because the repair costs will quickly become more than the value of the car. Therefore low group as risk to the insurance company is low, their max payout will only be £7-8,000.

However if I crash a newish £100k Range Rover it will be repaired even if there is a 5 figure claim.

Individual circumstances and peofile have more effect on premium than car group. My wife has a group 11 and its less to insure than her Aygo.

Insurance Groups: up from 3 to 10 - Gibbo_Wirral

>Groups don't necessarily mean higher premiums<

This doesn't sound logical. Surely a group 20 will cost more in premiums than a group 10?

Depends on the insurer and car. My brother found it cheaper to insure a group 6 2L diesel Peugeot 306 than a Group 1 1L petrol Corsa.

Insurance Groups: up from 3 to 10 - RT

Looking at a replacement for my 2002 Toyota Yaris. This has an Insurance Group of 3.

If I look at a comparable small Mitsubishi Colt 1.1 CZ1, 2006ish, the Insurance group is 10.

I suppose this is because the Mitsubishi is rarer, and parts may cost a little more?

Given that there are 50 insurance groups, would this difference in Insurance groups translate to higher premiums?

Currently paying about £180 p.a for the Yaris.

In 2006, the car insurance group system changed - from 20 groups to 50 - so your 2002 Yaris was 3 out of 20, the 2016 Colt is 10 out of 50 - a slight change,

Edited by RT on 27/09/2016 at 19:42