Your car plays a big part in getting cheap car insurance. Read on to understand more about the different car insurance groups and the cheapest cars to buy and insure in 2017.
There are a number of ways to bring down the cost of your car insurance, and choosing a car in the right car insurance group is high up on the list. This guide will help you understand what factors are considered, check your car’s insurance group and outline our top 10 cheap cars to insure.
What Decides Your Insurance Bracket?
The cost of vehicle repairs accounts for a huge chunk of the money paid out in car insurance claims. Logically then, the cost to repair the vehicle is considered before being assigned to a car insurance group.
The time it would take to repair the car is also considered as this would lead to higher repair costs.
Cost of the parts
The cost of 23 of the most common car parts are also considered. The lower the cost of the parts, the lower the car insurance group will be. To get the best car insurance quotes the cost of the parts will need to be relatively low.
The value of the car
The value of the car as new is used as an indication of how much the car will cost the insurer to repair or replace.
Performance of the car
The statistics clearly show that high-performance cars that can reach great speeds are the most likely to make insurance claims. Consider the acceleration and top speeds of a car if cheap car insurance is a priority. Read our guide on insuring high-performance cars to learn more.
The cheapest cars to insure will often be ones that have built in security features by the manufacturer such as alarms, high-security locks, or immobilisers which prevent the car from being hot wired.
The security rating of a car is denoted by letters ranging from E, A, P, D down to U. The E category stands for ‘exceeds’ and the U is for ‘unacceptable’. Cars in the lower and cheaper car insurance groups will likely have an E or A security rating.
We have Done Our Research To Find You The Top Ten Cheapest Cars To Insure!