Expert hints on comparing car insurance groups - Vehicle insurance bands

What exactly is a car insurance group?

Your vehicle insurance is usually calculated on which car insurance group your car fits in to. In all there are 20 groups - the smaller the figure, the lower the insurance payments will be. A group of experts, called the Group Rating Panel, take things like the performance, cost, security measures, replacement part fees and the price of the outer shell of a car into consideration before they conclude what rating range it will fall under. Compact cars such as Smart cars and Fiat Pandas have a rating of one where as Bentleys and Ferraris feature at the high end of the rankings. Despite the fact that insurance firms are not required to follow these guidelines, many of them do, which means the quotes and offers you obtain may be based around your car insurance band. Before purchasing a new automobile it might be worth checking out what group your vehicle falls under by using web resources that outline how ratings affect premiums.