These days however there are a number of websites offering search tools that will tell you exactly what group any particular vehicle falls into.
What is a high car insurance group. The guide below explores the factors used to place vehicles within an insurance group. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy. It is rated by the level of safety and security equipment it possesses.
The group a particular type of car fits into is based on the perceived risk of an insurer paying out a lot of money. The factors that go into determining a cars group are the following. PEI car insurance rates are the among the cheapest in Canada.
The cars in this group usually score above average for various factors used to determine the group ratings such as market value repair cost and engine size. For example a Skoda Citigo 10 SE is in the lowest group 1. 762 rows Before they are released all vehicles are placed into an insurance group.
Car insurance groups costs and advice. With group 15 being at the lower end of insurance groups you can expect to be offered a reasonable premium to insure vehicles in this group compared to those in higher groups. The factors used to place a vehicle in a relevant group include its market value safety features security features and the cost of repair.
All vehicles are assigned an insurance group from 1 cheapest to 50 most expensive before they are made available. Its important to compare the market before deciding on. Vehicles in group 1 are among the cheapest to insure while group 50 vehicles are the most costly vehicles to cover.
The highest risk group is 50. The higher the number the more it will cost. Auto insurance provides property liability and medical coverage.