Ah, the thrill of buying a new car. The research; the test drives; and that final sweet sweet adrenaline rush as you sign on the dotted line and hand over your cash.
… But, wait. What if we told you, you could be making a mistake? If you’re looking for cheaper car insurance premiums, you might be.
Costs to consider when buying a new motor
Naturally, if you’re in the market for a new car, you will have probably conducted rigorous research. Or at least we hope you have, and you haven’t just been suckered in by the black and white chequered flag painted across the bonnet.
Perhaps you’ve already looked up the potential extra costs on top of the price of the actual car. We’re thinking about car tax here, and of course, an estimated cost of how much it will be to insure the vehicle.
Here’s something you might not have considered: what is the car insurance group of your potential new motor?
Why should I consider the car insurance group?
We’re not the boss of you (obviously), but we do know a thing or two about cheaper car insurance costs. Trust us, it’s our thing.
Needless to say, car insurance premiums are affected by your age, occupation, location and so on. Not to mention your motor history and annual mileage. You might find that these factors affect you majorly, or maybe one does more so than the other.
However, if keeping your car insurance costs down is important to you, then you might want to research the insurance group your possible new car falls into.
If your car falls into the lower insurance groups, then you can be singing and skipping your way to the car dealership. On the other hand, if your potential brand-new car is in the higher band, your premium is likely to be inflated.
How are Car Insurance Groups Decided?
The category your car falls into is decided based on a number of factors. To mention a few, here are some examples:
- Repair costs
So, for example, if your plan is to buy an old banger, you may want to think about the additional costs of a higher premium on your car insurance.
How do I find out which group my new car falls into?
Simply visit and input the car’s details using the Thatcham website.
How do I find cheap car insurance for my car?
This is where we can help. Simply fill in the form with your details and let us take care of the rest.