Car insurance group 40

What is insurance group 40?

Every vehicle is assigned an insurance group from 1-50 before being made available to buy. Group 1 is the lowest and has the cheapest cars to insure. Group 50 is the highest and has the most expensive cars to insure.

The group that a particular vehicle falls into depends on a variety of factors, such as market value, safety features, cost of repairs and security features.

Cars in group 40 are more likely to be expensive to insure.

However, there are also a number of other factors that insurers take into account, such as your age, driving history and location, so it’s always important to compare policies to find one that works for you.

Car makes and models in insurance group 40

We’ve listed below a number of popular cars in insurance group 40 that are likely to fall on the more expensive side when it comes to the cost of your car insurance.

Cars in insurance group 40 and the average cost by driver’s age

The table below will help you to estimate the price of insuring your vehicle, 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: June 2024 (source: Confused).

Insurance group 40 categories

• 40E: Surpasses the security requirements for this type of car, leading to a lower insurance group rating.
• 40A: Meets the standard security requirements for this type of car.
• 40D: Falls short of security requirements for this type of car, resulting in a higher insurance group rating.
• 40U: Security standard is unacceptable. The insurer might require upgraded aftermarket security before providing coverage.
• 40P: Provisional status. Insufficient data is available at launch for classification. This will likely be updated once Thatcham can evaluate the new car.
• 40G: Grey import. Thatcham tests only officially sold UK cars, so imports are evaluated based on the insurer’s pricing.

Average insurance group 40e cost

To provide you with an idea of how much it may cost you to insure your insurance group 40 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 £198.54, or an annual sum of £1,985.

• 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 40 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

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Why are cars in group 40 more expensive to insure?

Cars in insurance group 40 are usually characterised by:

• Expensive to source parts and repairs
• Market value is on the higher side
• Larger more powerful engines
• Longer repair times

What other factors affect your car insurance premium?

Along with your car’s insurance group, these three factors have the biggest impact on the cost of your insurance:

• Engine type and capacity. The bigger your engine, the more you’re likely to pay for insurance. That’s because larger engines cost more to repair or replace.
• Driver location. Insurers factor in the likelihood that your car will be stolen or involved in an accident based on your address. If you live in a location where a lot of claims are made, you’ll pay more to insure your car as a result. As an example, a 30-year-old in central London will pay £4,786 for insurance for a Audi A6 50 TFSI e Quattro Sport 4dr S Tronic 4d, while the same 30-year-old in Newcastle may only pay £2,005.
• Driver age. Your age plays a key role in determining the cost of your insurance premium. Insurers will use previous claims data to determine the likelihood of someone your age making a claim and adjust your premium accordingly. The average 20-year-old driver in London could pay £29,598 for the Toyota Land Cruiser, while the average 40-year-old Londoner will only pay £4,131.

There are several other factors that can also impact the price of your premium.

Here are some of the more notable ones:

• Your marital status
• Where you park your car
• Your credit history and job
• Your car’s safety rating, security and anti-theft precautions
• The model and age of your car
• Your driving activity
• Your driving history, including your no-claim discount

How can I save on my car insurance premium?

Choosing a car in a lower insurance group is a great way to reduce the price of your premium. Thankfully, there are a few other things you can do to drive down the cost of your car insurance, and we’ve listed them below:

• Drive safely. If you make a claim or pick up a driving conviction, your premium will rise substantially.
• Reduce your annual mileage. You could save money on your insurance by reducing the number of miles you drive in your car.
• Pay annually. Paying annually means you’ll avoid having to pay interest on your monthly instalments.
• Install extra safety precautions. The safer you make your car, the lower your premium will fall.
• Find the best deal every year. When it’s time for renewal, shop around for the best deal using a price comparison website. You’ll usually be able to save a lot by switching insurers every year.

Frequently asked questions

• Does a lower insurance group mean cheaper car insurance?

  Yes, in theory. However, insurers will also consider personal factors when considering the cost of your insurance.

• 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.

• Are cars in insurance group 40 good for younger drivers?

  Most younger drivers will find it too expensive to insure a car in this group. Therefore, many would prefer to drive a car in a lower insurance group.

• What do the letters mean in insurance groups?

  These letters refer to the security features fitted as standard on the vehicle.

• 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 an insurance group to new vehicles.

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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