Insurance companies determine your premium based on risk factors. Sounds technical but this just means that they look at lots of different facts about drivers - and using historical data and boring statistics - calculate how likely different groups of people are to have accidents or make claims.
Factors that affect car insurance premiums include:
What can you do to reduce your premiums? Choosing our female-friendly car insurance is one good way to make sure you're getting the best value but there are other steps you can take to minimise your car insurance premiums. (See section - Cheaper car insurance.)
Even a female-friendly insurance company like ours needs to use insurance groups for cars, in order to manage the risk of theft or an accident. For example a souped-up hot hatch is more likely to be stolen and more likely to be involved in an accident than a small-engined family saloon, so hot hatches find themselves in higher insurance groups.
There are currently 20 motor insurance groups for cars. The lower the number, the least risk your car is deemed to have.
If you are thinking about buying a new car and want to know which car groups apply to which models, the dealer will be able to tell you – or you can use various independent sources: Insurance groups are listed in most car magazines or you can use the search facility at the Association of British Insurers website.