What Do Insurance Groups Mean For Car Insurance

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Car insurance is expensive in the UK but the majority of motorists aim to get the cheapest insurance deal possible. That’s where the car insurance groups, which all modern cars fall into, come in.

Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter.A person or entity who buys insurance is known as an insured or as a.

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If you’re changing your car you’ll want to think about the cost of insurance before you commit to buy. The insurance group rating is the key. Here’s what they mean.

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Insurance is a means of protection from financial loss. It is a form of risk management, primarily used to hedge against the risk of a contingent or uncertain loss. An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter.A person or entity who buys insurance is known as an insured or as a policyholder.

An insurance group is a method to determine the cost of insuring your car based on which group they’re assigned to. The Association of British Insurers (ABI) determine a car’s insurance group.

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If you’re changing your car you’ll want to think about the cost of insurance before you commit to buy. The insurance group rating is the key. Here’s what they mean.

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