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Insurance bands for cars are important to know about

Insurance companies use a system of insurance bands for cars when they're working out how much to charge you for car insurance. There are 20 different groups covering every car on the road.

Group 1 is the safest category of car, and if you drive a vehicle in this group, you can look forward to paying rock bottom prices for car insurance. Group 20 is the riskiest category, and drivers in this group better be prepared to pay big money to get on the road. Most family cars fall into categories 6-12 and pay a reasonable amount for car insurance.

There are a number of factors that determine what category your car is placed in. The engine size is one of the most important factors. Cars with large, powerful engines are more likely to be involved in accidents and as a result are placed in the higher categories by insurance companies.

The cost of spare parts and the length of time it would take to have your car repaired in the event of an accident also affect what category it falls into. Cars that require expensive spare parts and a large amount of labour to repair are a bigger risk to insurance companies and are placed in the higher insurance bands.

You can help put your car in the lower insurance bands by availing of the latest security technology. If your car is equipped with alarms, immobilisers and trackers, there's much less risk of the car being stolen. This will result in you parting with less of your hard-earned cash to get car insurance. And that's all you need to know about insurance bands for cars.

 

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