What are saloon insurance groups?

what are the groups? and how do they affect the cost of insurance??
Answers:
You will normally find "groups" at an Independent insurance agent. They concord with more than one company and the rates and coverage are different.
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Sounds like you're referring to the insurance rating group for the vehicle. Each model is assigned to a rating group that is determined by the actuaries surrounded by the company. They use all kinds of notes about the vehicles, such as repair costs, the cost of labor on the fastidious model, how likely that model is to be stolen, anything that might affect the amount the company would have to reimburse out in the event of damage to the saloon. Higher groups are generally more expensive to insure than lower groups. But that only affects the price of comprehensive and collision coverages. If you hold only liability on your policy, it won't matter what rating group the coup¨¦ is in, because repairs for it won't be covered by your policy anyway. Source(s): 12 years in insurance


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