Car insurance group 43

What is insurance group 43?

Every car you see on the road has been assigned an insurance group from 1 to 50. These groups are to help insurers offer a reasonable car insurance quote. Vehicles in group 1 are the cheapest to insure, while those in group 50 are the most expensive.

Insurance group 43 cars are therefore among the more expensive vehicles to insure.

However, these groups aren’t the only factor that insurers consider when offering you a car insurance quote. They also take into account your personal circumstances, such as your age and location, so it’s always important to compare policies to find one that works for you.

Car makes and models in insurance group 43

There are several popular cars in insurance group 43. These are all likely to cost a fair bit above average when it comes to your car insurance premium.

Cars in insurance group 43 and the average cost by driver’s age

Using the table below, you can look for your chosen make and model of car, and calculate how much it will cost to insure 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 43 categories

• 43E: Surpasses the security requirements for this type of car, leading to a lower insurance group rating.
• 43A: Meets the standard security requirements for this type of car.
• 43D: Falls short of security requirements for this type of car, resulting in a higher insurance group rating.
• 43U: Security standard is unacceptable. The insurer might require upgraded aftermarket security before providing coverage.
• 43P: Provisional status. Insufficient data is available at launch for classification. This will likely be updated once Thatcham can evaluate the new car.
• 43G: Grey import. Thatcham tests only officially sold UK cars, so imports are evaluated based on the insurer’s pricing.

Average insurance group 43e cost

To provide you with an idea of how much it may cost you to insure your insurance group 43 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 £110.96, or an annual sum of £1,191.

• 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 43 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 43 more expensive to insure?

Cars in insurance group 43 usually:

• Have a high market value
• Have large powerful engines
• Are expensive to source parts and make repairs
• Have 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 of you making a claim, based on how many claims have previously been made in your home city. Your premium could rise sharply if you live in an area where a lot of claims have been made. As an example, a 30-year-old in central London will pay £3,545 for insurance for a Jeep Cherokee 3.0 CRD Summit 5d Auto, while the same 30-year-old in Newcastle may only pay £1,203.
• Driver age. Like location, your age will play a huge role in determining the cost of your insurance premium. Insurers will determine the likelihood of someone your age making a claim, based on previous claims data. The average 20-year-old driver in London could pay £31,501 for the Lotus Elise 2d, while the average 40-year-old Londoner will only pay £2,959.

On top of these, there are many other factors that can also impact the price of your premium. These include the following:

• Your marital status
• 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?

Choose a car in a low car insurance group. Thankfully, there are some other things you can do to lower the cost of your car insurance, and we’ve listed them below:

• Drive safely. For every year you don’t make a claim, another year will be added to your no-claim discount. However, if you do claim or pick up a driving conviction, your premium will rocket.
• Don’t use your car all of the time. You could save money on your insurance by reducing the number of miles you drive per year in your car. Insurers will ask for your annual mileage whenever you apply for car insurance, and you may pay less if you give them a lower figure. Don’t drive more than the amount of miles you state though, as this could invalidate your policy.
• Pay annually. By paying annually, you avoid having to pay interest on monthly instalments.
• Install extra safety precautions. When you add extra safety features, your premium will usually drop. As such, these features can end up paying for themselves over time.
• Shop around. When it’s time to renew your car insurance, make sure you compare your options. You’ll often be able to save money by switching to a different insurer.

Frequently asked questions

• Does a lower insurance group mean cheaper car insurance?

  Yes, in theory. The lower your car insurance group number, the less you will pay for your car insurance. However, insurers will consider a range of your personal circumstances as well.

• 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 43 good for younger drivers?

  Most younger drivers will find cars in this group too expensive to insure. Once they’re older with a few years of no-claims driving experience under their belt, these cars may prove to be more affordable.

• What do the letters mean in insurance groups?

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

• 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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