Who is MG?
Founded in the 1920s, MG is a renowned British brand known for its sporty vehicles and distinguished history. MG started life as a division of Morris Motors, with the first MG sports car, the MG 14/28 Supercharged, in 1924. Producing automotive icons like the MG Midget and the MG B, MG is synonymous with class and refinement, beloved by enthusiasts for their sleek designs and thrilling performance. In recent years, MG has embraced modernity with a new range of vehicles, including the MG ZS and MG HS SUVs, appealing to drivers who appreciate its legacy and forward-thinking spirit.
How Much Does an MG Cost to Insure?
Given that every driver and their individual circumstances differ, it's difficult to pinpoint the exact cost of your MG insurance. Insurance cover is determined by assessing each driver’s level of risk, and this is established by evaluating certain factors, such as your car insurance group, the type of cover you need, your age, and your annual mileage. To give you some idea of how much you might pay for MG car insurance, we've gathered the average cost you might be expected to pay to insure the most popular MG models.
| Model | Average Annual Insurance Cost |
|---|---|
| MG 3 | £563 |
| MG 4 | £845 |
| MG 6 | £755 |
| MG HS | £695 |
| MG TF | £795 |
| MG ZR | £785 |
How Can I Get Cheaper MG Insurance?
You can help to keep your insurance premium down by applying a range of techniques. Here are some of our suggestions:
- Pay upfront: Drivers who pay for their insurance cover monthly will see an increase in premiums compared to those who pay the full amount upfront. This is because additional admin fees and interest are added to your monthly payments.
- Take an advanced driving course: Some insurers may offer discounts to those who have completed an advanced driver's course. It shows insurers that you're committed to safer driving and keeping your risk low.
- Boost security: Your MG will come with a range of security features to deter theft and damage. Generally, the more security your MG has, the lower your premiums will be. For example, older classic models might benefit from the installation of immobilisers and additional alarm systems, while those who own the latest models could consider adding dashcams or trackers.
- Lower your annual mileage: Keeping your car off the road and reducing your annual mileage is key to lower premiums. The more miles you drive, the higher your risk of an accident. Remember to be as accurate as possible when declaring your annual mileage.
- Always compare: Comparing quotes for your MG insurance can be done within just a few minutes, and you may find hidden savings or even deals for new customers if you choose to switch!
What Factors Influence the Cost of MG Car Insurance?
Factors that influence your premiums include:
- Type of cover: Whether you need a classic MG insurance policy, comprehensive car insurance, or a multi-car policy, the type of policy you need and the level of cover will influence how much you pay. Typically the amount you pay increases with the level of coverage you choose. Again, it's important to compare as many quotes from as many providers as possible.
- Your driving record: If you have a clean driving record, you can expect lower insurance costs than someone who has driving convictions or points on their license.
- Your occupation: Some professions come with higher insurance rates than others. Insurers consider certain roles, like police officers, construction workers, and professional drivers to be higher risk than office workers, civil servants and librarians.
- Insurance group: Your insurance group is an important factor when determining the cost of your MG insurance. Vehicles in higher groups like the MGF (group 18-23, depending on the engine and trim) will cost more to insure than other models such as the MG ZS (insurance group 14-20). MGs with powerful engines, higher repair costs and increased rates of theft will be in higher groups and pay more.
- Overnight parking: Parking your MG in a safe overnight location will help to lower your premium. Those who can park on a driveway or in a garage will typically pay less than someone who parks their MG on the street or in an area with higher crime rates.
- Voluntary excess: How much you agree to pay in the event of a car accident and a claim will greatly influence your premium. Typically, the more you pay, the lower your insurance costs, however always ensure that your voluntary excess is realistic and affordable.