A Brief Introduction To U.K Motor Insurance.

The United Kingdom is currently home to an estimated 30 million vehicles. The law dictates that these vehicles must, if used on public roads, be insured. It is for this reason that the Insurance industry is a strong and thriving sector in Britain's diverse business market. To the general user of a motor vehicle, the word 'insurance' brings with it a world of jargon and hidden clauses.
To get your own individual policy you first must enter into an ever increasing number of questions about your personal, family, vehicle and useage details. Most of the questions are certainly straightforward, but the questions are asked for a reason. The reason is called Risk Assesment.
It is a sensible and logical consideration on behalf of all insurers to assess the clients that they provide cover for. An insurer makes profit by insuring a client and they in return make no claim during that term of cover. To this end the insurer will level the playing field in their favour by only providing cover to clients who are deemed to be within a certain range of risk. It is hoped that by doing this the insurer has protected itself against paying out a lot of claims, and subsequently has earnt from the client.
So where does this leave the client? Well to those who fall within the insurer's specific risk range, happy and joyous. To those who are considered less favourable this can mean high insurance premiums and possibly even exclusions upon their policy. It is for this reason that most groups who are classed as high risk are generally disgruntled about the cost of motor insurance; the young, the inexperienced and the multiple claimer.