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Car Insurance Group 7


  • When it comes to choosing a car, you may have a particular make or model in mind, but what you may not realize is that the type of car you choose can have a big impact on the car insurance premium you end up paying. Insurance costs are based on a combination of data and statistics that have been converted into a banding system. Every new car sold falls into a list of 50 insurance groups, and the higher the band number, the higher the insurance premium.
     

    Car Insurance Group 7

     
    Car insurance groups are used to determine the risk faced to insurers by insuring a particular vehicle. There is lots that goes into determining which group a car should be placed in, including the cost of spare parts, safety features and the price of a new model, but one of the biggest factors is the repair costs involved following an accident. Usually, those cars that cost more to repair become more of a risk for insurers to cover. Also models with smaller engines are considered less likely to be involved in an accident so that often reduces premiums too.
    Looking at some of the most popular cars, the cheapest ones to insure are those vehicles which tend to be less expensive, low-specification models with smaller engines. For example, group 7 cars tend to have smaller engines with less power, and relatively speaking are quite cheap to insure. Such models as Skoda Roomster, Toyota Yaris, Citroen C3, ChevroletMatiz fall into car insurance group 7.
    But it is important to recognize that every insurance premium is unique to every driver and if you already own a set of wheels which falls into one of the more expensive car insurance groups, there are still plenty of steps you can take to keep a lid on costs. One of the simplest ways to bring costs down is by adding security-enhancing systems, such as recognized and approved immobilizers and alarms.By adding these features, you can reduce the premium levied by your insurer, as the insurance firm will factor in the lower statistical likelihood of you making a claim, as you have made the vehicle safer and more secure. Other tips include opting to pay a higher excess, and paying your insurance premiums upfront, as most insurers charge interest on monthly payments.

    Car Insurance Group 7