Insurance Query

[searchlight]

Hi I've just changed my car for one in the same insurance group, group 25 according to Parkers website. It's a year younger though and the Insurance company tells me it's a higher premium and charging me an extra £63 for the remaining 7 months (plus £25 admin fee). I thought cars in the same group cost the same to insure or does year and/or other factors have an effect?
Thanks

[ToraToraTora]

the group is one of many factors, my car us the same group as a Bugatti veyron for example.

[gingejbee]

Well, the age obviously matters because it affects the value of the vehicle...and other things are factored in, too.

[Hopkirk]

Perhaps it is statistically more likely to get stolen.

[Arrods]

Group ratings are purely an indication when a vehicle first comes on to the market as to the relative risk characteristics between one model and another. Over time insurers build up an experience of the various models. So two cars in the same group can end up incurring different claims experience and, therefore, resulting in different premiums (all other things being equal). Group ratings are purely advisory in any case.

[TWR]

My answer to that Sear, tell them you will not be with the when your insurance is due.