A car insurance code could be the key to finding cheaper insurance when you buy a new motor, experts say. A car insurance grouping system places vehicles in certain cohorts and gives you an indication of what you're likely to pay for your premium, with the average price now £589 in the UK.

The car insurance grouping system was established by the ABI, which represents insurers, and Lloyds Market Association (LMA). Rhydian Jones, motoring expert at Confused.com, explained: "What group your car sits in depends on things like its value, security and safety features, top speed and acceleration, and potential repair costs.

"Higher value cars with higher speeds, which are generally more costly to repair would be considered ‘riskier’ than others, and would therefore be in a higher insurance

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