Car insurance group 23

What is insurance group 23?

Before they are made available to buy, all vehicles are assigned an insurance group from 1 (cheapest) to 50 (most expensive). Therefore, the vehicles found in group 23 are among the cheapest to insure.

The cars that fall in this group usually score well in factors used to determine the group ratings, such as having a lower market value, good car safety and installed security features.

However, these aren’t the only factors that are used to determine your premium. There are a number of other personal factors that insurers take into account, such as your age, driving history and location.

Car makes and models in insurance group 23

There are a number of popular cars in insurance group 23 that are likely to fall on the cheaper side when it comes to your car insurance premiums.

Here are some of the more popular vehicles in this group:

Cars in insurance group 23 and the average cost by driver’s age

Using the table below, you can look for your vehicle and estimate how much you’re likely to pay to insure it based on your age.

• How we got these rates

  These rates are based on the average cost of cover for cars in the insurance groups shown for drivers of different ages with a Newcastle (NE1) postcode, which our research suggests represents an average for insurance rates in the UK. Updated: April 2024 (source: Confused).

Insurance group 23 categories

• 23E: Surpasses the security requirements for this type of car, leading to a lower insurance group rating.
• 23A: Meets the standard security requirements for this type of car.
• 23D: Falls short of security requirements for this type of car, resulting in a higher insurance group rating.
• 23U: Security standard is unacceptable. The insurer might require upgraded aftermarket security before providing coverage.
• 23P: Provisional status. Insufficient data is available at launch for classification. This will likely be updated once Thatcham can evaluate the new car.
• 23G: Grey import. Thatcham tests only officially sold UK cars, so imports are evaluated based on the insurer’s pricing.

Average insurance group 23e cost

To provide you with an idea of how much it may cost you to insure your insurance group 23 car, we ran several quotes to find an average figure. Based on our results, on average, you could insure your car with a comprehensive policy for the monthly price of £60.74, or an annual sum of £685.

• How we calculated this price

  We generated these quotes using the following assumptions about the vehicle and the driver.

  The vehicle is/has:

  • Insurance group 23 model
  • Factory fitted alarm system
  • Not modified
  • Used for social, domestic and commuting purposes
  • 10,000 mileage per year
  • Parked in a work car park during the day
  • Parked on a driveway at night

  The driver is/has:

  • A 30-year-old, single teacher from London
  • A homeowner
  • Five years no-claims discount
  • No driving or other convictions in the last 5 years

Why are cars in group 23 one of the cheapest?

Cars in insurance group 23 are usually cheaper cars to insure because of the following

• They have a large range of safety features.
• They have strong security features.
• Their parts are inexpensive to source.
• Their market value is on the lower side.
• They have smaller less powerful engines.

What other factors affect your car insurance premium?

These three key factors have the biggest impact on the cost of your insurance:

• Engine type and capacity. The larger and more powerful your engine, the more it’ll cost to repair or replace it. Your car insurance premium will rise to cover these higher expenses.
• Driver location. Your location plays a key role in the likelihood that your car will be stolen or involved in an accident. Your insurers will consider this when calculating your premium. A 30-year-old in central London will pay £1,601 for insurance for a Volvo V70 2.0F Ocean Race 5d, while the same 30-year-old in Newcastle may only pay £685.
• Driver age. Insurers will use claims data to determine how likely someone your age is to make a claim. Your premium will be adjusted to reflect this risk. As an example, the average 20-year-old driver in London could pay £6,804 for the Audi A1 2.0 TDI Amplified Edition 3d, while the average 40-year-old Londoner will only pay £1,021.

There are a lot of other factors that can also impact the price of your premiums. These include the following:

• Your marital status
• Your car’s safety rating, security and anti-theft precautions
• The likelihood of your specific vehicle being stolen
• Your driving activity
• Your driving history, including the length of your no-claims discount
• Your credit history
• Your occupation

How can I save on my car insurance premiums?

Choosing a car in insurance group 23 (or lower) is a good way to keep your car insurance costs down.

Here are some other things you can do to drive down the cost of your car insurance.

• Drive safely. Having driving convictions on your record will make your premium more expensive.
• Don’t use your car all of the time. Insurers will consider your annual mileage. If you can reduce this, your premium is likely to drop.
• Pay annually. By paying annually, you eliminate the possibility of having to pay interest on your monthly instalments.
• Install extra safety precautions. The safer you make your car, the cheaper your premium will be.
• Don’t just accept your renewal quote. Use price comparison websites to shop around for the best deal every year. You’ll be surprised at how much you could save by assessing your options.

Frequently asked questions

• What is the lowest insurance group?

  Car insurance groups range from 1-50, with 1 being the lowest and containing the cheapest vehicles to insure.

• What does Thatcham Research analyse?

  Thatcham Research analyses a number of criteria to calculate a car’s group rating. One of its key tests is a 15km/h crash impact assessment, based on an internationally recognised insurance standard. Following the crash, Thatcham’s engineers work out the cost of the time and parts to return the car to its pre-accident condition. The group rating also takes into account new car values, car performance (including top speed and acceleration time), parts pricing, safety and security features, and the alignment and structure of a car’s bumpers.

• Does a lower insurance group mean cheaper car insurance?

  In theory, yes. However, other personal factors can influence the cost of your car insurance too.

• What do the letters mean in insurance groups?

  The letters refer to the security features on the vehicle that are fitted as standard.

• How many car insurance groups are there in the UK?

  In the UK, there are 50 car insurance groups, with 1 being the lowest (cheapest) and 50 being the highest (most expensive).

• Who decides on the car insurance groups?

  In the UK, The Group Rating Panel, administered by Thatcham Research, assigns new car models to an insurance group from 1 to 50.

Written by

Danny Butler

Publisher

Danny is a publisher at Finder specialising in insurance and investing. He previously worked at the global insurer Aon and has appeared in national media giving advice on insurance. Danny holds a BA in International Business from the University of Plymouth and has undying loyalty to his average-poor football team, Portsmouth FC. See full bio

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