What is an excess car insurance

A car insurance excess is the amount that you have to pay yourself if you make a claim. There are two types of excess: Compulsory excess - this is a fixed excess, set by us, which you'll have to pay if you make a claim. The amount varies depending on your circumstances.

What is mean excess car insurance?

The excess is the amount you have to pay when you make a claim on your car insurance. It'll be refunded if you're found to not be at fault. Generally, you only pay an excess for your own losses and when it's your fault. You usually pay the excess upfront to get a claim started – so make sure you can afford it.

Is it better to have high or low excess?

Generally, a higher excess is considered higher risk. But it might save you money right now. If you're an infrequent driver and mostly have your car safely stored then the level of risk may be low and the savings could be great.

Is excess the same as premium?

An excess is a contribution you are required to pay towards a claim you make on your car insurance policy. An insurer may have many types of excesses that can apply in different situations or apply concurrently. Most insurers will allow you to increase your excess to reduce your premium.

Do you always have to pay excess?

Do I have to pay an excess on my car insurance policy if only the other party is claiming? An excess is the amount you pay towards your own repairs or claim, so you don't have to pay an excess for a third party's claim. Also, if you don't claim for your own damage, you don't pay an excess either.