How much does an MG cost to insure?
Here are the average car insurance premium quotes for popular MG models:
| Model | Average quote* |
|---|---|
|
ZS Exclusive Turbo
|
£612
|
|
HS Exclusive
|
£548
|
|
MG4 Trophy Long Range
|
£540
|
|
MG3 3Style
|
£752
|
|
MG5 Exclusive
|
£545
|
*Average cost of annual comprehensive car insurance, Confused.com data November 2024 - January 2025.
Car insurance is calculated beyond the model of MG you drive, so it's not always a straightforward process. There are a number of factors that are taken into consideration by insurers to calculate your car insurance premium, including:
- Where you live
- Your age
- The car you drive
- Claims history
- Your occupation
- Any no claims bonus (NCB) you may have
Taking into account the above factors, insurers are able to provide a tailor made quote based on the car you drive and your personal circumstances.
How can I save on my MG car insurance?
There's a few ways you can save on your car insurance, including:
Paying annually
When paying for your car insurance policy, you're typically given two options - paying annually in one lump sum, or paying monthly installments. But there's something to bear in mind before you pay!
Insurance providers tend to charge interest for spreading costs over a monthly basis, this isn't the case when paying annually. So, paying for your insurance in one lump sum rather than monthly can actually work out as a cheaper option - if you can afford to do so!
Estimating your mileage correctly
If you overestimate your mileage, you could end up paying more than necessary for additional miles. Underestimating your mileage could put your ability to claim at risk, so it's important to provide an accurate estimate.
Improving your car's security
Adding security devices to your car can work in your favour when it comes to car insurance premiums. Additional security measures can help deter the risk of car theft, keeping your MG safe.
Shopping around and comparing prices
Try shopping around before committing to a new policy. That way you can ensure you're getting the best deal. Even if your renewal quote is competitive, it's worth finding out what other insurers can offer you.
Adding a named driver
If you add an older, experienced driver to your policy as a named driver, it can help bring down your car insurance premium. This is a useful option when getting car insurance as a younger driver.
Just make sure the policyholder is the primary driver of the car, otherwise you could be committing fraud - this is known as fronting.
Increasing your voluntary excess
Voluntary excess is what you contribute towards a claim. You can adjust this, unlike compulsory excess.
Increasing your voluntary excess can bring down the cost of your car insurance policy. But you need to make sure you can afford this in the event of a claim.
Building up your No claims bonus (NCB)
You can build your NCB for each year you go without making a claim. Over time this can help lower your car insurance premiums.
You could pay to protect your NCB. This means you can make a set amount of claims without losing your NCB.
(1)Based on Confused.com data, Q4 2024.
What car insurance group is my MG in?
Car insurance groups are designed to reflect various elements of your car and its overall risk profile. Each car is designated a number from 1 to 50. The higher the group, the higher your insurance cost could be. It's based on factors such as:
- The value of the car: Expensive cars tend to fall into higher insurance groups.
- The security features: Security measures that deter thieves and help prevent the likelihood of a claim could help lower your car's grouping.
- Repair costs: If replacement parts are readily available and repair costs for your car are reasonable, it can have a positive impact.
- How safe the car is: The presence of an anti-lock braking system, for example, mean a car is more likely to fall into a lower group. This is due to certain safety features reducing the chance of a collision.
- The power of the engine: High-powered performance cars are risky due to their very nature. They typically fall into higher groups.
Car insurance groups can give you a degree of indication of what you can expect to pay for car insurance. Moreover, estimates are based on the exact model of MG you drive.
Every model of car features in one of 50 insurance groups. Insurers charge higher prices for higher groups of cars. You can find out your MG's car insurance group with our car insurance group checker tool.
Car insurance group checker
The car
Insurance group
Group
9/50
What additional cover can I get for my MG?
Some additional cover features or add ons come as standard. Others you have to buy as an extra. You can save money by avoiding optional add-ons if you don't think you'll need them. Some of the commonly offered extras include:
Courtesy car cover
Courtesy cars provide you with a temporary replacement vehicle if your MG needs to go in for repairs at an approved garage. Some insurers offer this up as a standard part of your policy, but you should always check first.
Personal accident cover
If you're involved in an accident that causes serious injury or death, you could receive financial protection thanks to personal accident cover. Specific injuries, permanent disabilities and death could result in fixed payout as outlined in your policy.
Windscreen cover
A chipped or cracked windscreen is far from ideal. Buying windscreen cover can financially protect you if your windscreen or side and rear windows need to be repaired or replaced.
Breakdown cover
If you were to breakdown at the roadside, extra cover can provide you with timely assistance. The type of assistance you can get varies depending on your policy, but common features include: roadside assistance, home start and local and national recovery.
Legal cover
If you're involved in an accident that isn't your fault, for example, you could be entitled to cover for legal costs you encounter. These could be any solicitors’ fees relating to a car insurance claim or other disputes you resolve in court to recover costs.
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