jay kay
Member
Registered: 22nd Jan 06
Location: West Midlands
User status: Offline
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Taken from auto express
INSURERS WEIGH UP PREMIUMS
Drive a heavy car and you could soon be hit with a heft premium. Thats the message from the industry, which is including vehicle weight in new group ratings for the first time.
Used to calculate the cost of motorists' cover, the standings are getting thier first overhaul for 15 years. The Association of British Insurers (ABI) says that the extra premiums are needed on because they cause more damage to the road, pedestrians and other motors when involved in accidents contributing to the rising cost of claims.
The shake-up which has also been prompted by a massive increase in the range of new vehicles and parts, is set to bump up the number of insurance groups from 20 to 50. An ABI spokesman said: " the wider number of ratings will give cover providers more scope to fine tunes quotes in order to better reflect modern vehicles and thier actual risk on te road."
But the Association of British Drivers countered " this is simply an excuse to increase premiums" Insurers claimed it was too early to predict exactly how much prices would rise, as the new groupings will not come into effect for another six months.
Examples of insurance group changes :
Mini Cooper group now ---- 8 New group ---- 21
Ford Focus TDCI group now ---7 new group --- 15
DISCUSS!!
I cannot see why they feel the need to increase the group by such a large amount and make people pay more when the risk remains the same
[Edited on 11-03-2007 by jay kay]
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Marc
Member
Registered: 11th Aug 02
Location: York
User status: Offline
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Eh? Group 21
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drunkenfool
Member
Registered: 7th Feb 03
Location: Hereford Drives: Audi R8 V8
User status: Offline
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if theres 50 groups instead of 20 then the two examples above wont be more expensive will they? Unless group 20 of the new way is the same cost as group 20 of now, which would be ridiculous!
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Ste L
Member
Registered: 3rd Jul 06
Location: Manchester Drives: 106 16v Rallye
User status: Offline
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so does that mean if you strip you car out, insurance will be cheaper because it;s lighter
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drunkenfool
Member
Registered: 7th Feb 03
Location: Hereford Drives: Audi R8 V8
User status: Offline
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quote: Originally posted by Ste L
so does that mean if you strip you car out, insurance will be cheaper because it;s lighter
Good point!
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GT4Brody
Member
Registered: 26th Sep 01
Location: south
User status: Offline
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as if we dont get raped enough for insurance
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mattk
Member
Registered: 27th Feb 06
Location: St. Helens
User status: Offline
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saxo driver - Get In
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jr
Member
Registered: 20th May 02
Location: Kent
User status: Offline
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quote: Originally posted by drunkenfool
quote: Originally posted by Ste L
so does that mean if you strip you car out, insurance will be cheaper because it;s lighter
Good point!
brillaint
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dhdev
Member
Registered: 22nd Dec 05
Location: Midlands
User status: Offline
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Sweet group 1 insurance here I come
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
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Insurance groups mean FA anyway
Tesco use their own system, from 1-99 IIRC.
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ed
Member
Registered: 10th Sep 03
User status: Offline
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Sounds about right. The system could do with a bit of an overhaul seeing as it's 15 years old...
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dhdev
Member
Registered: 22nd Dec 05
Location: Midlands
User status: Offline
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Yeah as soon as they ask 'Any modifications?' what ins group it was in has no bearing on the quote
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baza31
Member
Registered: 19th Apr 03
Location: yorkshire
User status: Offline
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excellent- ill be able to insure a lotus elise cheaper than my astra. Excellent. Nob heads...trying to get more money out of everyone for everything.
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Robin
Premium Member
Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
User status: Offline
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quote: Originally posted by Robbo
WHYYYYYYYYYY I didn't know that!
PS Auto Express is like the max power of the real cars world, full of absolute nonsencial bollocks reviews and fake gossip!!!
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Fonz
Premium Member
Registered: 12th May 06
Location: Newbury, Berks
User status: Offline
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excuse me for being untrusting but where is the article?
Auto Express i can't find it...
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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http://www.abi.org.uk/Newsreleases/viewNewsRelease.asp?nrid=14226
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Colin
Member
Registered: 4th Apr 02
User status: Offline
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Check your car's new rating here
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ed
Member
Registered: 10th Sep 03
User status: Offline
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Oh no, my Punto has moved from Group 4 to 12. (Even)
[Edited on 11-03-2007 by ed]
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EarlofBarnet
Member
Registered: 26th Mar 04
Location: West Cumbria
User status: Offline
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Mine hasn't been re-classified! Not sure if its because its too old (1994)?
I think its all been done to help classify cars that are all under the current group 20 umbrella. A lad at my work has an Evo8 which is now a 20, it jumps to a 44 under the new scheme. So in theory it might be cheaper to insure...maybe.
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Doug
Member
Registered: 8th Oct 03
User status: Offline
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quote: Originally posted by mattk
saxo driver - Get In
BMW driver - Shit
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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VAUXHALL MONARO VXR V8
5967cc
2005
Petrol Manual
48
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Doug
Member
Registered: 8th Oct 03
User status: Offline
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I cant find my car on there?!
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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In other news...
VAUXHALL CORSA VXR 3 1598cc 2007 3 - Petrol Manual 52078601 16 32 D T2
16 under the old system, 32 on the new.
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
User status: Offline
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Only 11 cars stay in group 1
FIAT PANDA ACTIVE 1108cc 5 door
FIAT PANDA DYNAMIC 1242cc 5 door
FIAT PANDA DYNAMIC 1242cc 5 door
REVA G-WIZ (ELECTRIC) 0cc 3 door
REVA G-WIZ ACD 0cc 3 door
SKODA FABIA CLASSIC 997cc 5 door
TOYOTA AYGO 998cc 3 door
TOYOTA AYGO 998cc 5 door
VAUXHALL CORSA EXPRESSION 998cc 3 door
VOLKSWAGEN FOX 1198cc 3 door
VOLKSWAGEN FOX URBAN 1198cc 3 door
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Steve
Premium Member
Registered: 30th Mar 02
Location: Worcestershire Drives: Defender
User status: Offline
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