Insurance providers calculate your insurance premium by looking at risk factors and is one of them. Your risk address is the place where you normally keep your car overnight.
In the UK, "risk address" refers to the location where a vehicle is primarily kept or parked overnight. It is an important term used by insurance companies to assess the level of risk associated with insuring a particular vehicle.
The risk address is typically the driver's residential address or the place where the vehicle is regularly stored. Insurance providers consider various factors related to the risk address, such as the crime rate in the area, parking facilities, and the likelihood of accidents or theft.
This information helps insurers determine the appropriate premium for insuring a vehicle based on the potential risks associated with its location.