What control do I have over my compulsory and voluntary car insurance excess?
When it comes to the compulsory excess component of your policy, you have no control what so ever. Your insurance company will be the one to decide the amount. They determine this in your policy offer by using all of the information you have provided to determine what type of risk you pose. Age, experience and even the type of car you drive will all be taken into account when the insurer makes you an offer.
As for the voluntary excess, you’ll need to assess whether you think you’ll be able to afford the excess in addition the compulsory excess in the event of a claim. If you are a safe driver with a lot of experience, and you feel confident that you won’t need to claim including a voluntary excess may be just the thing to lower premiums for you.
Do I still pay car insurance excess if it wasn’t my fault?
In short yes but if it isn’t your fault you can claim your excess back from the insurer of the person who was at fault. Be aware that you may need to have motor legal protection to assist you in getting your excess back and it will take time.
Making a claim may mean that your insurer will consider you to be a potential high risk driver then you may be subject to additional compulsory excesses at renewal.
You need to take the time to weigh up all the different options available. Whilst a voluntary excess may be suitable to some people, it may not be best for you. By using our comparison service to source the right car insurance with the right excess at a fair price, you will be able to make an informed decision that best suits your needs.
How do I know how much excess I have to pay on my current policy?
You will need to check your policy and find out what terms are in your existing car insurance. If you still aren’t sure, you should enquire with your insurer to make sure that you are informed before the event in which you need to pay this excess.
If you haven’t yet acquired a car insurance policy, you can compare the market to find the right level of cover for you at a fair price with us. It takes just a few moments and can help you access potential savings on your car insurance premium.