All cars belong to a one of the insurance groups that are available in the car insurance market.
The lower a car insurance group, the cheaper it will be to insure. So what are the factors that are considered to get a cheaper insurance group?
The factors to be considered.
So how can you decide on allocating different cars to different car insurance groups?
The cost of repair
The cost of the vehicle repairs accounts for a great deal of money, which pays for car insurance claims.
The cost of repair of the vehicle is always considered before allocating the car to the car insurance group.
The time of repairing the car is also considered while allocating a car to the cheap auto insurance group.
The cost of the car parts
The cost of the car parts is also considered while allocating a car to its insurance group.
The lower are the cost of the parts, the lower the car insurance group would also be.
If you want to get the best car insurance quotes, the cost of the parts would also need to be relatively low.
The value of a new car is also used as an indication of how much the car would cost and accordingly the car would be repaired or replaced.
Performance of the car and car security
High performance cars can usually reach high speeds and can make claims for insurance.
The acceleration and the top speeds are considered while allocation to cheap car insurance groups.
Also, the cheapest cars have built in security features like high security alarms, high security locks, and immobilizers that prevent the car from being damaged.
Cars in lower insurance groups usually have E or A security ratings.
The cheapest cars to insure this year are Toyota Yaris and many more in the lot.