H. Yoo
Research expert covering South Korea
Motor insurance in the United Kingdom - statistics & facts
Each and every year there are more cars registered in England, Wales, and Scotland than ever before, driving continued growth in the United Kingdom's motor insurance market. In 2023, there were over 32 million cars registered in Great Britain. With so many vehicles on the roads, it is not difficult to see why there were numerous claims from accidents. Motor insurance companies paid out nearly 11.7 billion British pounds in claims in 2024. Motor insurance provides coverage for the accidental loss or damages to an individual’s vehicle, or for the damages and losses of a third party by the insured vehicle.
