MG TF insurance group

The MG TF is a 2-seater convertible that’s a spin-off of the original MTG, which was redesigned and relaunched as the MG TF in 2001. The MG TF is a noted rival of the Mazda MX-5 and has a reasonable price point given its stylish design. But how does it shape up for insurance?

What insurance group does the MG TF fall under?

All vehicles are given a specific insurance group that ranges from 1 (cheapest) to 50 (most expensive), which helps determine the cost of your premium. MG TF models range from insurance group 23 to 36, meaning they cost slightly above average to insure. As an example, a 30-year-old driver in an average postcode could pay around £692 for cover on an MG TF 1.6 16v 2d that is in insurance group 23 or around £908 for an MG TF 1.8 Spark 160ps 2d that is in insurance group 32. This clearly shows the impact on premium pricing that occurs when a car is in a much higher insurance group.

• 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).

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MG TF insurance cost by location

Among the factors that affect the cost of your car insurance premium, one of the biggest is your location.

To show the impact of your home address, here are some average quotes for a 30-year-old living in 3 different locations. The quotes are for an MG TF 1.6 16v 2d.

• Expensive: £1,617 (London SE1)
• Average: £692 (Newcastle NE1)
• Cheap: £693 (Galashiels TD1)

• How we got these rates

  These rates are based on the average cost of cover for cars in the locations shown. Our research suggests SE1 is one of the most expensive locations, NE1 represents an average cost location and TD1 represents one of the cheapest locations. Updated: June 2024 (source: Confused).

Which factors affect my MG TF insurance rate?

Along with insurance group, there are many other key factors that have a big impact on your insurance premium costs:

• Engine type and capacity. In general, the larger the engine, the more you’ll pay for your car insurance. For example, it may cost £1,220 for insurance for an MG TF 1.8 16v 135ps 2d, while you may pay £1,754 for an MG TF 1.8 80th Anniversary 160ps 2d Heritage. So, that’s an extra £15 per year you’ll pay for the Long Range engine.
• Driver location. Insurers use your home address to determine the level of risk that your car may be stolen or involved in an accident, and this affects the cost of insurance. For example, a 30-year-old in central London may pay £1,220 for insurance for an MG TF 1.8 16v 135ps 2d, while the same 30-year-old in Newcastle may only pay £585. That’s an extra £83 per year that the average 30-year-old would pay in London compared to Newcastle.
• Driver age. The youngest drivers will pay the most for car insurance because they are the most likely to make a claim. As an example, the average 20-year-old driver in London may pay £22,523 for the MG TF 1.8 Spark 160ps 2d, while the average 40-year-old Londoner will only pay £1,353. That’s £1,023 more per year that the younger driver would pay in this scenario.

Other factors that influence the cost of your insurance include the following:

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

How can I save on my MG TF premium?

Car insurance can be expensive, but you don’t need to let it break the bank. Here are some ideas to help you lower the cost of your premium.

• Limit your annual mileage (where possible). If you can occasionally walk or use public transport, rather than using your car, this can help to save on your premium.
• Pay annually rather than monthly. When you pay annually, you eliminate the possibility of being charged interest on monthly payments.
• Install extra safety precautions. This makes your car safer and reduces the risk of you making a claim on your premium. That’s why many insurers are happy to lower your premium when you do so.
• Shop around for the best deal using price comparison websites. Don’t just settle for the renewal price given to you. You’ll usually find a better deal by switching to a competitor each year.

Facts about the MG TF

– It was the UK’s best-selling 2-seat sports car for each full year of production.
– It was awarded the World’s Most Beautiful Cabriolet by L’Automobile piu Bella del Mondo in 2003.
– It won Cabrio of the Year in 2002 at the Geneva Motor Show.

Bottom line

It’s a beautiful car, evidenced by its many awards. The MG TF is at the pricey end of the scale when it comes to insurance. Reducing your mileage, building up your no-claim bonus and paying annually could help to reduce your premium.

Frequently asked questions

• What is the top speed of an MG TF?

  Depending on the model version, you can expect an MG TF to reach a top speed of 137 miles per hour.

• Is the MG TF safe?

  In its Euro NCAP crash tests, this vehicle achieved a 4-star rating. This included a 4-star rating for protecting adult occupants.

• How much car tax do I have to pay for the MG TF?

  The UK standard car tax rate sits at £150 per year. However, you might pay more or less depending on your car’s emissions.

• Where can I buy an MG TF?

  You can buy an MG TF at dealerships, using online sellers or from a current owner.

• Is the MG TF any good?

  The MG TF received a 2-star rating from What Car?, which disliked its electric-assisted steering.

• Where can I find MG TF car insurance?

  You can compare the costs of MG TF car insurance using any price comparison website.

• Is an MG TF expensive to insure?

  The MG TF can be found in insurance groups ranging from 23 to 36. This means they’re among the most expensive cars to insure.

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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