Car insurance group 50

What is insurance group 50?

With insurance groups ranging from 1 to 50, vehicles in group 50 are the most expensive to insure. The cars that fall into this group usually have high market values and expensive parts and repairs.

All vehicles are assigned an insurance group from 1 (cheapest) to 50 (most expensive), and this helps insurers work out the cost of car insurance premiums.

In this guide, we’ll explore the factors used to place cars in group 50, plus the other circumstances considered by insurers when calculating your car insurance costs.

Car makes and models in insurance group 50

There’s a number of popular cars in insurance group 50. As you can expect, these cars have a high market value and are very expensive to insure.

Cars in group 50 and the average insurance cost by driver’s age

The table below will help you work out how much you’ll pay for your car insurance, based on your chosen model of car and 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 50 categories

• 50E: Surpasses the security requirements for this type of car, leading to a lower insurance group rating.
• 50A: Meets the standard security requirements for this type of car.
• 50D: Falls short of security requirements for this type of car, resulting in a higher insurance group rating.
• 50U: Security standard is unacceptable. The insurer might require upgraded aftermarket security before providing coverage.
• 50P: Provisional status. Insufficient data is available at launch for classification. This will likely be updated once Thatcham can evaluate the new car.
• 50G: Grey import. Thatcham tests only officially sold UK cars, so imports are evaluated based on the insurer’s pricing.

Average insurance group 50e cost

To provide you with an idea of how much it may cost you to insure your insurance group 50 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 £200.86, or an annual sum of £2,512.

• 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 50 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 50 more expensive to insure?

Cars in insurance group 50 are typically defined by the following factors:

• Expensive to source parts and make repairs
• Market value is on the higher side
• Larger engine size
• Longer repair times

In some cases, cars in higher insurance groups are lacking when it comes to safety features and security features, although this is less common with expensive vehicles.

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. A large powerful engine will cost more to repair and replace, and that’s why cars that possess big engines cost more to insure.
• Driver location. Insurers consider the likelihood of you making a claim based on your location. If you move to an area where a lot of claims are made, your premium may rise. A 30-year-old in central London will pay £5,145 for insurance for a Audi A8 S8 TFSI 571PS Tiptronic auto 4d, while the same 30-year-old in Newcastle may only pay £2,537.
• Driver age. Like location, the age of the driver plays a huge role in determining the cost of your insurance premium. The average 20-year-old driver in London could pay £42,524 for the Ferrari F430 Scuderia 2d, while the average 40-year-old Londoner will only pay £4,234.

Some other factors that can impact your premium include:

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

How can I save on my car insurance premium?

Choosing a car outside of group 50 will help you to reduce your car insurance premium. These vehicles are highly desirable in some circles though.

Thankfully, there are a few other things you can do to keep your car insurance costs down, and we’ve listed them below:

• Drive safely. If you have previous claims or (even worse) driving convictions on your record, this will make your premium more expensive.
• Don’t use your car all of the time. You’ll often be offered a lower premium if you register a lower annual mileage.
• Pay annually. By paying annually, you avoid having to pay interest on your premium.
• Install extra safety precautions. The safer you make your car, the cheaper your premium will be. As such, certain safety features will end up paying for themselves when you add them.
• Shop around for the best deal every year. When it’s time for renewal, don’t blindly accept your renewal quote from your existing insurer. You’ll usually save a lot by switching insurers each year.

Frequently asked questions

• What is the lowest insurance group?

  Car insurance group 1 is the lowest. It has the cheapest vehicles to insure.

• Does a lower insurance group mean cheaper car insurance?

  Yes, in theory. You’ll usually be given a cheaper car insurance policy when insuring a car in a lower insurance group. However, there are other factors that can influence the cost of your car insurance, such as your age, your address, your driving history and other factors related to your personal circumstances.

• Are cars in insurance group 50 good for younger drivers?

  Younger drivers are usually looking to lower their car insurance costs, because they are charged a lot more than older drivers. As such, a group 50 vehicle isn’t likely to suit them. They may prefer to wait until they have racked up a few years of experience on the road.

• What do the letters mean in insurance groups?

  The letters refer to the security features on the vehicle that are fitted 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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Danny has written 335 Finder guides across topics including:

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