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An insurance group is a method to determine the cost of insuring your car based on which group they’re assigned to. The Association of British Insurers (ABI) determine a car’s insurance group.
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Car Insurance Things to Know Information is the key to make the right decisions. To ensure that you make an informed purchase, we have explained the essential car insurance concepts right here: –
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Vehicle insurance (also known as car insurance, motor insurance or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles.Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle. Vehicle insurance.
• Car insurance prices hit record-high levels. Nowadays, each new model derivative (and most sold since the 1970s) has an insurance group rating applied by the Association of British Insurers (ABI).
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Car insurance is basically a contract between a customer and an insurance company. The insurance provider agrees to pay the customer for the losses defined in the policy, in exchange for the premium that the customer pays.