• Publish Your article
  • Editorial Policy
  • Contact
  • Advertise
Tuesday, October 21, 2025
No Result
View All Result
UK Herald
  • Home
  • Politics
  • Business
  • Entertainment
    • All
    • Sports
    England rugby stadium Twickenham given new name after more than 100 years in shock new deal

    England rugby stadium Twickenham given new name after more than 100 years in shock new deal

    Peter Morgan dead at 65: Former Wales and Lions rugby star who became a politician passes away as club pays tribute

    Peter Morgan dead at 65: Former Wales and Lions rugby star who became a politician passes away as club pays tribute

    Horse racing tips: Unexposed Group 1 contender can stun the big guns at 14-1

    Horse racing tips: Unexposed Group 1 contender can stun the big guns at 14-1

    Woman ‘raped seven times by two French rugby stars who left her riddled with bite marks & with horror injuries’

    Woman ‘raped seven times by two French rugby stars who left her riddled with bite marks & with horror injuries’

    Horse racing tips: Gary Moore’s charge can gain revenge after falling last time out

    Horse racing tips: Gary Moore’s charge can gain revenge after falling last time out

    Ian Buckett dead at 56: Former Wales rugby star who was ‘admired and feared equally’ dies as tributes pour in

    Ian Buckett dead at 56: Former Wales rugby star who was ‘admired and feared equally’ dies as tributes pour in

    Horse racing tips: Bash the bookies with these longshots including 9-1 fancy

    Horse racing tips: Bash the bookies with these longshots including 9-1 fancy

    Shayne Philpott dead at 58 – New Zealand All Blacks rugby legend dies after suffering ‘medical event’

    Shayne Philpott dead at 58 – New Zealand All Blacks rugby legend dies after suffering ‘medical event’

    Horse racing tips: This 7-1 chance appears to have been laid out for race he won last year

    Horse racing tips: This 7-1 chance appears to have been laid out for race he won last year

  • Lifestyle
    • All
    • Fashion
    • food
    • Health
    • Travel
    I stayed in Mauritius’ ‘magic place’ – this is my honest review

    I stayed in Mauritius’ ‘magic place’ – this is my honest review

    The exact dates you need to book off in 2026 to get 56 days of holiday

    The exact dates you need to book off in 2026 to get 56 days of holiday

    Italy’s ‘less glitzy’ gateway destination named one of 2026’s best places to visit

    Italy’s ‘less glitzy’ gateway destination named one of 2026’s best places to visit

    This historic Japanese city is hiking its tourist tax by 900% to stop you coming

    This historic Japanese city is hiking its tourist tax by 900% to stop you coming

    Major airline removes carry-on bag sizers from boarding gates

    Major airline removes carry-on bag sizers from boarding gates

    Qatar Airways Al Mourjan Business Lounge review: ‘It doesn’t get bigger than this…’

    Qatar Airways Al Mourjan Business Lounge review: ‘It doesn’t get bigger than this…’

    What is Bleach or Facial, Best for Skin?

    What is Bleach or Facial, Best for Skin?

    Tourists are flocking to a mind-bending Chinese megacity where Google Maps doesn’t work

    Tourists are flocking to a mind-bending Chinese megacity where Google Maps doesn’t work

    An ESTA change has just made travelling to America more expensive for Brits

    An ESTA change has just made travelling to America more expensive for Brits

    The best Maldives alternatives that are cheaper — and three are in Europe

    The best Maldives alternatives that are cheaper — and three are in Europe

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Health
  • Opinion
  • Science
  • Tech
  • Crypto
  • Travel
  • Real Estate
  • Sports
  • More
    • Press Release
UK Herald
No Result
View All Result

New car insurance 'Vehicle Risk Rating' to replace 1-50 groups

by Justin Marsh
September 25, 2024
0
0
SHARES
Share on FacebookShare on TwitterReddit
New car insurance vehicle repair rating 01

A new system for assessing car insurance premiums has gone live, based on a 1-99 scale that will ultimately replace the existing group 1-50 car insurance rating.

The new system is called 'Vehicle Risk Rating' (VRR) and covers five detailed criteria for insurance risk.

What's more, the new system is dynamic, meaning car insurance ratings can change during the lifetime of a vehicle as new information, such as real-world security statistics, emerges. The current group rating system is a static one, set when the vehicle is launched.

Thatcham Research has developed the new VRR system. It has taken 18 months, and evolved the evaluation of over 1,300 data points from 25,000 cars and vans.

“New technology is challenging the existing motor insurance model, prompting an unprecedented shift in the balance of risk from the driver to the vehicle,” said Thatcham Research chief executive Jonathan Hewett.

“We've worked closely with insurers, drawing upon cutting-edge data analysis to create a rating system that offers a more precise and detailed assessment of vehicle risks.”

Hewett said this will not only allow car insurance premiums to be calculated more accurately, but will also encourage firms to consider insurance when designing new cars.

Car insurance Vehicle Risk Rating explained

003 Car Insurance Auto Renewal Rates

The new Vehicle Risk Rating system is based around five assessments. These 'provide a holistic view of each vehicle's risk profile':

Each assessment is scored on a scale of 1 to 99. The aim is to give car insurers a more granular understanding of individual vehicle risks, enabling more accurate and individualized premiums for motorists.

  • Performance: speed, acceleration and the impact of modern powertrains
  • Damageability: how design, materials and construction influence repair costs and damage severity
  • Repairability: the ease and cost of repairs – to encourage repair-friendly designs
  • Safety: active and passive safety systems, including crash avoidance features
  • Security: physical and digital security measures, using Thatcham Research's New Vehicle Security Assessment data

Repairability is particularly important, with repair costs for car insurers rising by 28 percent in just one year. What's more, Thatcham Research has found that electric cars are 25 percent more expensive to insure than petrol cars – and take 14 percent longer to fix.

“Repairability is increasingly important,” said Hewett. “Without a keen focus on sustainable repair at the design stage and vehicle launch… the industry's environmental endeavors are at risk of being undermined by vehicles that become disposable too early into their use phase.”

What next for car insurance ratings?

New car insurance vehicle repair rating 02

Thatcham Research says the new Vehicle Risk Rating system will run alongside the older group rating system for the next 18 months.

Cars will be 'dual rated', with a weighted overall VRR rating calculated for each new car on sale. VRR will then become the sole reference point for vehicle risk assessment.

The two systems are not directly comparable, warns Thatcham. A car with a group 20 rating today will not automatically be rated 40 under VRR.

Because it is so much broader – with more than 1,000 data points across the above five pillars, instead of the fixed 125 vehicle attributes of the current system – more accurate vehicle information will be combined with traditional driver-specific aspects such as claims history.

The aim is to help create more accurate individual premiums, which acknowledge the advances many car firms are making.

This will include the benefit of crash-avoiding advanced driver assistance systems, or ADAS, along with new security technology to keep ahead of criminal gangs.

“Vehicle design and technology has undergone a massive step-change,” said Vehicle Risk Rating panel chair (and Saga underwriting manager) Richard Birch.

“Vehicle Risk Rating, with its enhanced scoring, informed by the five risk assessments, delivers a vastly more accurate assessment than the outgoing group rating system, on which insurers can rate and underwrite, while proving transparency to manufacturers allowing them to design and build more insurable vehicles.”

Motoring Research will keep you updated as the new Vehicle Risk Rating car insurance system rolls out – including feedback from car insurers, motorists and car makers..

ALSO READ:

What do the car insurance write-off categories mean?

How to save money on car insurance

Your EV questions answered on Motoring Electric

The post New car insurance 'Vehicle Risk Rating' to replace 1-50 groups appeared first on Motoring Research.

Source

Tags: 39VehiclecarGroupsinsuranceRating39replacerisk

Related Posts

How to pull over safely for emergency vehicles

How to pull over safely for emergency vehicles

by Justin Marsh
October 19, 2025
0

The sound of approaching sirens, or flashing blue lights filling your mirrors, can confuse and fluster even the most experienced of drivers. Most of us know to move over for emergency service...

How to Drive Past Horses Safely on the Road

How to Drive Past Horses Safely on the Road

by Justin Marsh
October 13, 2025
0

Most Car Drivers Understand the need to pass a horse 'wide and slow'. Unfortunately, for some motorists, the message doesn it seems to have got through. Statistics from the British Horse Society...

MCLAREN 750S JC96 Edition is created special for japan

MCLAREN 750S JC96 Edition is created special for japan

by Justin Marsh
September 13, 2025
0

A new Limited Edition JC96 version of the mclaren 750s has been revealed, aimed solely at japanese enthusiasts. The 750s JC96 is a tribute to the mclaren f1 gtr race cars that...

30M Drivers Could Be Given Car-Finance Compensation Worth £ 18bn, MPS Told

30M Drivers Could Be Given Car-Finance Compensation Worth £ 18bn, MPS Told

by Justin Marsh
September 10, 2025
0

Millions of consumers could be eligible for compensation under the financial Watchdog's motor finance redress scheme, its boss sa.The Compensation Scheme was set up after the supreme court -right that some car...

Over 12,500 UK Streets Demand Urgent Access to EV Charging

Over 12,500 UK Streets Demand Urgent Access to EV Charging

by Justin Marsh
September 7, 2025
0

Things of UK Motorists are Demanding Better Access to on-Street Charging for Electric Vehicles. More than 12,500 drivers have registered a need for accessible charging devices Via Vauxhall's Electric Streets Scheme. FIRST...

Meet Colton Herta: America's Newest F1 Star

Meet Colton Herta: America's Newest F1 Star

by Justin Marsh
September 4, 2025
0

The Fledgling Cadillac Formula 1 Team Has Announced That Indycar Racer Colton Herta Will Serve as Its Official Test Driver for 2026. It marks a substantial change for a driver who has...

Next Post
Budget will prove whether Keir Starmer’s authority has survived winter fuel row

Budget will prove whether Keir Starmer’s authority has survived winter fuel row

Popular News

Week-in-Review: Starmer and Badenoch repel their pretenders – for now

Week-in-Review: Starmer and Badenoch repel their pretenders – for now

October 20, 2025
How to pull over safely for emergency vehicles

How to pull over safely for emergency vehicles

October 19, 2025
I stayed in Mauritius’ ‘magic place’ – this is my honest review

I stayed in Mauritius’ ‘magic place’ – this is my honest review

October 19, 2025
Ofcom orders BBC to air on TV finding that Gaza film broke broadcasting rules

Ofcom orders BBC to air on TV finding that Gaza film broke broadcasting rules

October 19, 2025
Olivia Blake: ‘Why cross-party leadership on climate policy is essential’

Olivia Blake: ‘Why cross-party leadership on climate policy is essential’

October 18, 2025

Statistiline Pilk Slotimängude Turniirid Ja Vipprogrammid Vox Kasiino Mängijatele

October 18, 2025
Can you now see for yourself what is happening inside your body? Medical science has discovered amazing technology

Can you now see for yourself what is happening inside your body? Medical science has discovered amazing technology

October 17, 2025
UK Herald

All Rights Reserved © UK HERALD - The Voice of UK

Important Links

  • Publish Your article
  • Editorial Policy
  • Contact
  • Advertise

...

No Result
View All Result
  • Home
  • Politics
  • UK News
  • Business
  • Science
  • National
  • Entertainment
  • Gaming
  • Sports
  • Fashion
  • Lifestyle
  • Travel
  • Health
  • Food

All Rights Reserved © UK HERALD - The Voice of UK