One of the most critical things to consider before purchasing a car, particularly for young drivers, those with little or nil no claims bonus, driving convictions or indeed, medical conditions that may increase their insurance premiums is to ensure you can afford to maintain, insure and run the car.
From an insurance point of view, it is useful therefore to be able to identify the car groups in advance of starting your search and perhaps obtaining an indication from insurers what the premium is likely to be for cars in that car insurance group.
As an example, unless they really want to do so and indeed, can afford to do so, young drivers should stay clear of high performance cars which attract a high insurance car group rating.
Car groups start at Group 1 which includes cars such as the Vauxhall Corsa Club 1.0 litre and goes up to Group 20 which includes cars such as the Subaru Impreza which appears popular with younger drivers.
One of the main underwriting factors affecting insurance premiums is the type of car, and the higher the car group, the higher the premium.
It is worth therefore checking the car insurance group rating of the cars you are thinking of buying beforehand as you don’t want to waste time, energy and petrol driving around looking at cars, it turns out, you cannot afford to insure.
Remember, whilst you are doing that, you may have missed out on that absolute bargain of a car that you could afford to insure.
Parkers, a well known and respected organisation within the motoring community includes a section within their car insurance advice section to help you trace the relevant car insurance group rating for any particular car.
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