Insurance is all about risk. Insurance companies are the masters of balancing risk (in financial terms) and deliberating costs for services. A high risk customer can mean a variety of things, but generally comes with a higher price tag. Insurers are well within their rights to refuse specific cover if a potential policy holder is deemed to be too high a financial risk. But how is this worked out?

We recently created a guest post on the subject over at Money Hacker, giving you the top reasons for policy refusals and how to avoid any problems.

Over 50s have a pretty decent advantage when it comes to car insurance. Insurance companies are happier to insure over 50s for less money because (statistically) they represent a lower risk. But to compound these savings further, choosing the right car can become a premium-slicing tactical advantage.

There are of course a lot of factors at play here, but assuming your history is good, there are a few tips that Insure4Retirement has prepared to make the process of saving on premiums as easy as possible. So check out our guide to the best cars for over 50s to insure, over on Squidoo.com!

Take a minute and imagine that there's no car insurance. You might be thinking, "hurrah! No more premiums!" but while saving money is the only obvious benefit to having no car insurance, it can still be hard to see why it's a legal requirement.

If you never make a claim on your insurance, it can feel like you've wasted a lifetimes worth of premiums. But we all know an insurance policy isn't a bank account, or an investment to be cashed in - it offers a safety net in times of real need. Fire and theft can be pricey for individuals, but some Incidents on the road can run up costs that reach astronomical figures and affect an almost countless number of people. 

Of course, incidents like this are rare, but having no insurance in this situation would be financially crippling. We explore the reasons for car insurance being part of the law over on the I4R Blog.

Have you ever wondered how and why insurance came to be? The concept is older than you might think...

Insurance dates back as far as property itself - well, almost. From the 4,000 year old Code of Hammurabi to today's buildings, contents, car and travel insurance, things sure have changed - but the underlying principles have always remained.

Understanding the origins of insurance helps us to keep the important things in focus and provide better products today, but it's also just an interesting read! See what we uncovered in our look back through the history of insurance...