But you could also pay more for a Renault Espace compared to a Renault Grand Scenic. Why is that?
Damage and parts costAccording to Thatcham Research, over half of all money paid out on motor insurance claims goes on repairing cars. That's why the cost of spare parts is such a major factor in pricing insurance for each car.
Repair timesThe length of time it takes to repair a car and how complicated the repair is will also influence the cost of the repair and therefore the grouping.
Cost of a new carThe price of new cars is a factor as it can be a guide to the cost of replacement and repair.
Prices of partsA standard list is used to compare one manufacturer's parts with another. Lower costs can mean a lower group rating.
PerformanceFast acceleration and high speeds often result in more insurance claims, which is one reason why high performance cars are usually in the higher groups.
SafetyCars with extra safety features, such as Autonomous Emergency Braking are less likely to be involved in low speed accidents, so this is taken into account in their ranking.
BumpersBumpers that meet the insurer's criteria receive a lower insurance ranking as their alignment and structure is important in reducing damage.
SecurityHigh security features fitted as standard, such as alarm systems and wheel locks can help to reduce insurance claims and lower premiums.
Check which car insurance group your car belongs to with Thatcham Research
At LV= it's not just what type of car you drive that determines the overall price of your car insurance. We also take into consideration:
Find out more about how we calculate the costs of your insurance premium.