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Rating insurance groups are used by car insurance companies, independent insurers and brokers to assess premiums. These ratings are not legally binding but they are highly recommended as it they are commonly used by well known car insurance companies in the UK. Car insurance group ratings have 2 parts: the numerical part and the alphabetical part. The numerical range includes the numbers from 1-20 and the alphabetical part includes letters A, D, E, U, P and G.
Factors that Comprise Rating Insurance Groups
The factors included in rating insurance groups are :
- Car manufacturing company
- Car model and design
- Cylinder cubic capacity
- Car manufacturing year
- Car door plan
- Car structure type
- Car fuel capacity and type
- Car gearbox
- Car model code
- Car security devices
- Car value
- Car performance
- Expected repair costs
- Car parts prices
Meaning of Rating Insurance Group 1
A car that is allotted rating insurance group 1 means that it is a low risk car. In insurance language it means the insurance buyer will have to pay a lower insurance premium. A group 20 rating means the insurance buyer will have to pay a very high insurance premium.
Cars in the UK with Group Rating 1
Here are some of the cars that fall under the group rating 1. You need to check with your insurance company to find out what group your car falls into.
Citroen C2
This is a 3-door hatchback that has petrol and diesel engines. It also has the option of a manual or automated gearbox. This is a compact, budget car that is ideal for a small family or a single person.
Vauxhall Corsa 1.0
There is a wide range of models available in Vauxhall Corsa 1.0 such as 12V Active 5 door, 12V Classic 3 door, 12 V Club P and Life 3 Door. Most of these Corsa models are affordable with inexpensive fittings.
Smart Fortwo
This is a tiny car that is highly economical and consumes less fuel compared to other cars.
Ford Ka: This is a small, low cost car specifically built for city roads and highways.
Ford Fiesta
It is a 3-door and 5-door car manufactured by the Ford car company. It comes in a wide range of petrol based engines including: 1.25L, 1.3 L, 1.4 L, 1.6 L and 2.0 L.
Citroen Saxo 1.0
According to Citroen Saxo 1.0 buyers, this car’s highest speed is a little bit more than 108 MPH, fuel consumption is approximately 45 MPG and is good value for money.
C1
C1 is the latest addition in the Citroen car family. It is compact and is available in 3 and 5-door models with petrol and diesel engines.
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