Group 50 Car Insurance

Car Insurance for Group 50 

The Association for British Insurers has devised a list of groups to help insurance providers make a fair risk assessment when insuring each particular vehicle. There are fifty groups in all. They range from Group 1, which is for entry-level, cheaper cars, right up to the most luxurious cars you could think of. These top-of-the-range cars will fall in the highest groups and can go as high as Group 50.
Car insurance can be a sticky business, especially if you’re driving a car that falls in insurance Group 50, the pinnacle of luxury and performance. Insurance companies will be very careful when working out your monthly premium as these cars can cost an arm and a leg to repair or replace.
Thankfully you’re not alone. Companies like Quotezone.co.uk have the ability to compare over a hundred different insurance quotes from across the UK in no time at all. Finding the most affordable insurance for Group 50 cars has never been easier. 

What is Group 50 car insurance? 

Group 50 car insurance is the highest and often most expensive group on the list of car insurance groups. This list helps insurance companies accurately determine an appropriate monthly premium to cover your car.
The lower the group, the cheaper the premium is likely to be. Considering that Group 50 is the highest group you can get, it is safe to assume that the majority of the cars in this category are the most expensive on the market. Cars that you might typically find in this category are:  

• Alfa Romeo Stelvio Quadrifoglio  
• Audi A6 RS6 Avant  
• Audi R8 Spyder 
• Bentley Bentayga SUV  
• Bentley Flying Spur  
• BMW 6 Series Convertible 
• BMW 8 Series Convertible 
• BMW X7 SUV
• Cadillac Escalade Station Wagon 
• Chevrolet Corvette Stingray Convertible 
• Ferrari F430 Coupe 
• Tesla Model Y SUV 

These lists are continuously updated as markets change and cars age or when new models are launched. You can find the most recently updated list on an online insurance group tracker or compare Group 50 insurance using an insurance comparison website like Quotezone.co.uk.  

How much does Group 50 car insurance cost, on average? 

Group 50 car insurance can cost quite a lot as these cars can be some of the most expensive on the road. The exact costs are hard to speculate as they can vary from car to car and person to person.
The insurance group is merely a starting point. External factors like the age of the driver, their postcode, their credit score and driving history are typically factors that will alter the monthly premium.
Considering that these cars are the most expensive, it’s not uncommon for the annual insurance premiums to be even higher if the driver has had past motoring convictions or is a young driver under 25.  

What’s the difference between the 50e insurance group and the 50u insurance group? 

The difference between the 50e insurance group and the 50u insurance group is pivotal. The 50e insurance group is specifically for cars that ‘exceed’ the security requirements for cars in Group 50. While 50u indicates that the security is ‘unacceptable’.
These indicate a slightly higher or lower ranking on the scale of insurance groups. As you might expect, your insurance could be lower if the security features exceed the needs of a Group 50 car rather than being rated as unacceptable.
It is particularly crucial to compare quotes for your insurance Group 50u car as different insurance companies will have set their own premiums based on these ratings.

What makes Group 50 insurance cars so expensive to insure? 

Cars in insurance Group 50 are expensive to buy and maintain. This alone puts the car in a higher risk bracket. Insurance companies need to make sure that their bases are covered in the event that the car is damaged or stolen.
Group 50 cars are often luxurious and rare, making them expensive cars to replace. Their parts can also be rare or may even be bespoke, making repair costs shoot up significantly.
One of the joys of driving a Group 50 car is that it is typically a high-performance car with a lot of power and speed. Although the thought of being in the driving seat of such power might be thrilling, the increased risk of terrible accidents is also higher, making the insurance premiums go up too.
You would be wise to consider all the pros and cons of driving such a powerful vehicle before taking the leap. As ongoing insurance premiums can add significant costs to keeping these vehicles on the road. 

Is it true that all Lamborghinis are insurance Group 50? 

Most Lamborghini models do find themselves in the very top tier of car insurance groups. They are infamous for their high performance and luxury and are considered exclusive investment vehicles with powerful engines and very high maintenance costs.
It is unlikely that you’ll find a Lamborghini in a lower insurance group, but this may not always be the case. Markets are always changing, cars age and perceptions change.
To stay on top of the latest information about Lamborghinis and insurance groups, you should consult reliable online sources like the car manufacturer or Thatcham Research.

Can young drivers take out Group 50 car insurance?  

While no rule expressly excludes young drivers from taking out Group 50 insurance, it may be difficult to convince insurance providers that this would be a low-risk transaction. Statistically speaking, young drivers are at higher risk of accidents and considering the power of a Group 50 car, the risk increases even more. Drivers under the age of 25 are charged significantly more for car insurance per year no matter what the insurance group is.
Furthermore, the fact that most people under the age of 25 are not big earners yet can make the costs of buying and insuring such a car impossible.
It would be a good idea to compare insurance quotes to find out which insurance providers may indeed consider insuring a Group 50 car belonging to a young driver. 

Does parking my car in a garage reduce my Group 50e insurance quotes? 

Considering the allure of Group 50e cars, it would be very beneficial for you and your insurance provider if you park your car in a garage. By doing this you could lower your insurance premiums.
The lower the risk of theft or vandalism the better it will be for your pocket. Make sure to compare insurance Group 50e quotes and find out which insurance companies will give you a discount for parking your car in a secure location, especially at night.