is insurerance cheaper if the engine is slow even though it is realativly big?

Question

basically a vw beetle or a bay will the insurance be cheaper because there top speed is like 70mph!! new driver

spelt insurance wrong i know!!!

Answer 1

no

Answer 2

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RE Is insurerance cheaper if the engine is slow even though it is realativly big?

basically a vw beetle or a bay will the insurance be cheaper because there top speed is like 70mph!! new driver

Answer 3

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RE :Is insurerance cheaper if the engine is slow even though it is realativly big?
basically a vw beetle or a bay will the insurance be cheaper because there top speed is like 70mph!! new driver
Update: spelt insurance wrong i know!!!
Follow 13 answers

Answer 4

In the UK. see : http://www.abi.org.uk/carinsurance/default.asp
The old Volkswagen Beetle seems to be group 4-6?? Not sure what a "Bay" is...
And yes, a big engine in a slow car, or a car perceived to be slow, can be cheaper. I have a 1.9 turbo diesel Fiat Doblo - in a coupe this would cost a fortune to insure, but in a "boring" people carrier with no street cred that is not bought for its performance, it costs about £170 fully comp for me to insure - even though it actually shifts quite well! My previous 1980 BMW with 1.8 engine was slower but in a higher group because of its performance image.

Answer 5

Insurance rates vehicles by "ISO Symbol" numbers. basically like a category. Specific companies only insurane vehicles up to a certain ISO #. Most of the rating base of that is by "Cost new" of the vehicle. Therefore, indirectly if there is a larger engine the cost of the vehicle is usually higher. It more depends on value. Some sub models of a vehicle have a higher value than a different sub model which had a larger engine. Therefore, basically it has a reflection of the rate, yes. but, not as sensitive to the rate like: location, age, annual mileage, coverage, driving experience, and driving record.

Answer 6

In the UK the motor insurance system is quite complicated.

The Association of British Insurers (ABI) classifies each car into a group from 1 to 20, depending on a number of factors.
These include:
- cost of replacement
- cost of repair after a low speed accident (time & parts cost)
- performance (the faster the car, the more likely it is to have a high-speed accident)
- theft risk (desirability)

There is then an additional letter after the group no. on many cars, referring to an increased standard of security (locks, immobilisers, alarms) fitted as standard.

Most UK insurers follow the ABI groupings for most cars, but some may change some models by one or two groups. They will then factor in your circumstances (age, gender, driving experience, do you live in a high theft-risk area, do you park on the street or in a garage) and any modifications you have made (have you made the car more desirable to a thief, or have you increased the security?)

Answer 7

If you have your license for less than 3 years your premium will be really high. You will get reduction if you are over 21, more if you have 3 years of experience. Cheap cars usually have low premium. Most new drivers around the age of 20 will have a premium over 2k. If you live in an area where there is not many cars, I mean very few cars, then you premium can go really low. Most cities don't qualify for that deal.

Answer 8

Insurance depends on the cubic capacity of the engine, but also the value and cost of replacing parts on the car if invovled in an accident. The best way to gauge it is to find the Insurance Group.

Answer 9

Most insurance is based believe it or not on age and risk factor
based statics of people your age.
Then as you get older it's based on credit history and
whether your a credit risk or not.
If your paying on a loan through a bank most make you have
full coverage which is expensive on a newer the car.

Answer 10

insurance is given by the engine capacity the cc so its how many cc's the engine has not its speed as the cc is relative to the speed

Answer 11

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