What is the excess on a car insurance policy?
Car insurance excess is the amount you’ll have to pay towards a claim you make on your insurance. The total excess is likely to be made up of a compulsory and voluntary excess. For example, if you have a compulsory excess of £250 and a voluntary excess of £150, you’ll have to pay £400 to your insurance provider if you need to make a claim.
What is the standard driver excess?
Standard driver excess. This is the standard amount you will need to pay when you make a car insurance claim. When you fill out a quote, your excess will usually default at about the $650 mark, but you can make this higher or lower. If the claim is for an incident where you weren’t at fault,
What is the difference between standard excess and voluntary excess?
At GIO, we have: This is the amount you’ll pay for all claims unless your insurance policy states no excess applies. Your standard excess is calculated based on things such as: your claim history. A voluntary excess is an amount you might choose to pay on top of your standard excess, depending on the type of car cover you have.