Car and Types of Car
Car and types vary according to power, size, type, purchase cost, these are very
important factors which insurance companies take into account when costing your
car insurance premium.
Car Rating
Insurance companies have a rating
scale for each car. This is known as 'insurance group' where insurance
group 1 is the most low risk and cheap to insure and insurance group 20 is the
highest risk and thus more expensive. Car rating takes into account the
cost, size, power to weight ratio, replacement and repair costs, general risk,
theft risk and vehicle type; sports, convertible, coupe, four by four. |
