Is Group 15 car insurance high?
Groups are based on your car’s power, value, security and repair costs. So, insurance group 15 cars tend to be mid-range when it comes to insurance costs. There are 50 car insurance groups and generally, the lower the number the cheaper the insurance.
Is insurance group 3 high?
Cars in insurance group 3 are at the cheaper end of the scale when it comes to average car insurance premiums. This is good news if you have a car in this group or if you’re considering buying one.
Is Hyundai insurance expensive?
Hyundai models are generally not expensive to insure. A 30-year-old driver can expect to pay an average of $1,993 per year for full-coverage insurance on a Hyundai. That’s $159 per year cheaper than the cost for a Honda. One reason for Hyundai’s affordable insurance rates is its low theft rate.
Is insurance group 2 Cheap?
Which cars are in car insurance group 2? Cars in insurance group 2 carry one of the cheapest insurance premiums. A car in group 1 is the cheapest to insure and 50 is the most expensive. So by having a group 2 car you should be able to keep costs down a bit.
Is insurance group 7E high?
As mentioned above, security ratings can increase or decrease a car’s overall insurance group. A group 8 car with an excellent security rating will be moved down to group 7, and rated as 7E. High parts prices or labour rates at dealerships are taken into account when deciding a car’s grouping.
What is Group 50 car insurance?
What is insurance group 50? With insurance groups ranging from 1 to 50, vehicles in group 50 are the most expensive to insure. All vehicles are assigned an insurance group from 1 (cheapest) to 50 (most expensive), and this helps insurers work out the cost of car insurance premiums.
Do insurance groups matter?
The insurance group of your car is one of the things insurers look at when working out the price of your car insurance policy. The higher the car insurance group, the more it adds to the price of your car insurance. That’s the general rule.
Why is Hyundai insurance so high?
Young drivers are generally charged higher auto insurance rates because of their lack of driving experience. This inexperience makes them riskier to insure. To insure a Hyundai Elantra, an 18-year-old driver needs to shell out $4,183 per year on average.