Will varying my excess save me money?
It might do and it’s worth getting the balance right for you. Essentially, the excess is the amount that you have to pay towards a claim before your insurance provider will contribute. There are usually two types of excess; a compulsory excess and a voluntary excess. As it sounds, there is nothing you can do about the compulsory excess, but you should be able to vary the voluntary excess to adjust your premium.
In order to get the best premium for you, it’s good to know the level of voluntary excess (the amount you’d be prepared to contribute) you’d be comfortable with. You can then alternate £50 either way to see if it has an impact to the premium.