Car Insurance Dictionary - CarInsurance1.co.uk

Rating: Insurance companies rate the policyholder on a number of factors such as driver's age, address and driving history. This is used to judge the risk associated and premium calculation.
Registered keeper: Please refer to Owner and registered keeper.
Risk: A risk refers to something that may have an effect on the probability of damage, injury or accident of the car. This helps insurers in calculating your car insurance premium.
Road Traffic Act (RTA): The Road Traffic Act was introduced in 1930 to guarantee that cover would reimburse the innocent victims of accidents.

Car Insurance >> Dictionary

Listed below are general car insurance-related terminologies and their meanings. Click on the alphabet to view the list of terms starting with that letter.

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Rating : Insurance companies rate the policyholder on a number of factors such as driver's age, address and driving history. This is used to judge the risk associated and premium calculation.

Registered keeper : Please refer to Owner and registered keeper.

Risk : A risk refers to something that may have an effect on the probability of damage, injury or accident of the car. This helps insurers in calculating your car insurance premium.

Road Traffic Act (RTA) : The Road Traffic Act was introduced in 1930 to guarantee that cover would reimburse the innocent victims of accidents.