Car insurance group 24

What is insurance group 24?

When it comes to insurance, all vehicles are assigned an insurance group from 1 (cheapest) to 50 (most expensive). These groups help insurers to work out the cost of your car insurance premiums. Therefore, vehicles in group 24 should cost less than average to insure.

The insurance group a particular model falls into depends on a variety of factors, such as vehicle performance, safety features and security features as well as the cost of repairs.

There are a lot of other personal factors that insurers take into account though. We will explore some of these below.

Car makes and models in insurance group 24

There is a decent amount of popular cars in insurance group 24. These cars are likely to fall on the cheaper side when it comes to your car insurance premiums.

Cars in insurance group 24 and the average cost by driver’s age

With the table below, you can look for your vehicle and discover how much you’re likely to pay for your car insurance 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 24 categories

• 24E: Surpasses the security requirements for this type of car, leading to a lower insurance group rating.
• 24A: Meets the standard security requirements for this type of car.
• 24D: Falls short of security requirements for this type of car, resulting in a higher insurance group rating.
• 24U: Security standard is unacceptable. The insurer might require upgraded aftermarket security before providing coverage.
• 24P: Provisional status. Insufficient data is available at launch for classification. This will likely be updated once Thatcham can evaluate the new car.
• 24G: Grey import. Thatcham tests only officially sold UK cars, so imports are evaluated based on the insurer’s pricing.

Average insurance group 24e cost

To provide you with an idea of how much it may cost you to insure your insurance group 24 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 £80.70, or an annual sum of £807.

• 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 24 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 24 one of the cheapest?

Cars in insurance group 24 are cheaper to insure, mostly due to the following factors:

• Good security and safety features
• Inexpensive to source parts and make repairs
• Market value is on the lower side
• Smaller engine size
• Faster repair times

What other factors affect your car insurance premium?

These three factors will also have a big impact on the cost of your insurance:

• Driver age. Insurers will consider the likelihood of you making a claim based on your age. The average 20-year-old driver in London could pay £5,826 for the Skoda Yeti 2.0 TDI CR, while the average 40-year-old Londoner will only pay £1,154.

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

• Your marital status
• Your credit history and job
• Your car’s safety rating, security and anti-theft precautions
• The likelihood of your car being stolen
• The model and age of your car
• Your driving activity and driving history
• Your no-claims discount

How can I save on my car insurance premiums?

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

• Drive safely. Having convictions on your record will make your premium more expensive.
• Don’t use your car all of the time. You could reduce your premium by reducing the number of miles you drive per year.
• Pay annually. By paying annually, you’ll avoid paying interest on monthly instalments.
• Install extra safety precautions. The safer you make your car, the cheaper your premium will be.
• Shop around for the best deal. Don’t just blindly accept your renewal quote. You can often find a better deal by switching providers.

Frequently asked questions

• What is the lowest insurance group?

  Car insurance group 1 is the lowest and has the cheapest cars 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?

  Yes, in theory. However, other personal factors can influence the cost of your car insurance.

• What do the letters mean in insurance groups?

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

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

  There are 50 car insurance groups in total.

• 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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Danny has written 368 Finder guides across topics including:

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