insurance changes
insurance changes
is300_dino
06-01-2018, 12:30 PM #1Apparently insurers changed the way they group catorgories from 1st january and now go up to up to group 50? how does that affect us in real life terms what group would they reclassify for example my is300 and as im just about to get my 5 years no claims i was hoping for a decrease in price this year not for it to go up! grrr if it does go up in price.
Best advice is to shop around as much as possible.
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IS200 Turbo project now just about complete ! See my thread here and leave your comments.
Now running standalone Syvecs ECU and no stock ECU !
steviewevie
06-01-2018, 12:33 PM #2Insurers always make sure premiums increase year on year, no matter what you do !
Best advice is to shop around as much as possible.
IS200 Turbo project now just about complete ! See my thread here and leave your comments.
Now running standalone Syvecs ECU and no stock ECU !
is300_dino
06-01-2018, 01:20 PM #4i was more trying to find out the changes that they have made to reclassifying group levels, for example what would a is200, a fiesta or other cars be? say your car is in group 16 what would the new gruop number be and how do they work it out?
As a club sponsor will in courage everyone on the forum to give Adrian Flux a chance with your insurance renewals.
Adrian Flux are specialist in Japanese car insurances with or without any Mods added to our vehicle, and they offer great rates.
Don't forget to tell them that you want a quote with a discount as a club member this can save you as much as 10-20% off your insurance.:thumbup1:
PM Guy @Adrian Flux i sure he can explaine any new group levels?
As a club sponsor will in courage everyone on the forum to give Adrian Flux a chance with your insurance renewals.
Adrian Flux are specialist in Japanese car insurances with or without any Mods added to our vehicle, and they offer great rates.
Don't forget to tell them that you want a quote with a discount as a club member this can save you as much as 10-20% off your insurance.:thumbup1:
As an example an Aston Martin and a Ferrari are both group 20 on the old scale, but get a quote for them and the aston will be a hell of a lot cheaper to insure - on the new scale I'd imagine those two cars would have different groups which will make the group number actually useful unlike what it is at the moment.
2002 '02' IS200 SE Auto - DVD Satnav with Voice Activation - [COLOR="Blue"]Strathcaron Blue - Parking Sensors - 5000K HIDs with Anti-Glare Bulbs - PIAA 6500K Main Beams - LED Sidelights - Mirror/Sunroof Closure - TTE Styling Kit - 18" Styling Kit Alloys with nitrogen filled Goodyear Eagle F1 Asymmetric Tyres - Bluetouch Multimedia Kit - Gromaudio AUX in - Black painted calipers with silver Lexus decals - 12 LED Dome Light - 96 LED Boot Light - Stainless Steel Sport Sill Plates - PIAA Silicone Wipers[/COLOR]
I doubt there will be any real change, I believe it's just formalising something that's always been done by insurance companies internally anyway. I doubt there's a huge impact at the bottom end of the scale anyway, it's the top that was the problem as there are tons of cars all rated as group 20 but with wildly differing insurance premiums.
As an example an Aston Martin and a Ferrari are both group 20 on the old scale, but get a quote for them and the aston will be a hell of a lot cheaper to insure - on the new scale I'd imagine those two cars would have different groups which will make the group number actually useful unlike what it is at the moment.
2002 '02' IS200 SE Auto - DVD Satnav with Voice Activation - [COLOR="Blue"]Strathcaron Blue - Parking Sensors - 5000K HIDs with Anti-Glare Bulbs - PIAA 6500K Main Beams - LED Sidelights - Mirror/Sunroof Closure - TTE Styling Kit - 18" Styling Kit Alloys with nitrogen filled Goodyear Eagle F1 Asymmetric Tyres - Bluetouch Multimedia Kit - Gromaudio AUX in - Black painted calipers with silver Lexus decals - 12 LED Dome Light - 96 LED Boot Light - Stainless Steel Sport Sill Plates - PIAA Silicone Wipers[/COLOR]
is300_dino Apparently insurers changed the way they group catorgories from 1st january and now go up to up to group 50? how does that affect us in real life terms what group would they reclassify for example my is300 and as im just about to get my 5 years no claims i was hoping for a decrease in price this year not for it to go up! grrr if it does go up in price.
Hiya,
Yes the ABI has changed it to 50 groups. You will probably find it won't have a massive impact, however some people might be a bit better of and then again some might be worst off just depends on each individual vehicle and scheme.
Hope this helps,
Dan
DAN@ADRIAN FLUX
07-01-2018, 06:32 AM #7is300_dino Apparently insurers changed the way they group catorgories from 1st january and now go up to up to group 50? how does that affect us in real life terms what group would they reclassify for example my is300 and as im just about to get my 5 years no claims i was hoping for a decrease in price this year not for it to go up! grrr if it does go up in price.
Hiya,
Yes the ABI has changed it to 50 groups. You will probably find it won't have a massive impact, however some people might be a bit better of and then again some might be worst off just depends on each individual vehicle and scheme.
Hope this helps,
Dan
For instance, an IS200 Sport goes from old group 13 to new group 27, and an IS300 from 15 to 31.
IS200 Turbo project now just about complete ! See my thread here and leave your comments.
Now running standalone Syvecs ECU and no stock ECU !
steviewevie
09-01-2018, 09:54 AM #10I found that if you go here, you can enter a vehicle make over on the right, do a search, and it will show you both the new groups (1-50) and the old ones (1-20).
For instance, an IS200 Sport goes from old group 13 to new group 27, and an IS300 from 15 to 31.
IS200 Turbo project now just about complete ! See my thread here and leave your comments.
Now running standalone Syvecs ECU and no stock ECU !
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