What are the different types of excess?
An Excess is the amount of money that you would have to pay out in the event of a claim taking place, which would need to be paid to the insurer before they deal with the remaining amount of the claim. All polices tend to have an excess but if you volunteer to a pay a higher excess you are likely to make savings on your actual policy cost. You should remember that the only reason this reduces your premium is because you will end up paying out more at the point of making a claim and when budgeting for your car insurance, this should always be in mind! The usual compulsory excesses that are applied to a policy are based on the age excess and standard excess. You may also have an excess should you be a less experienced driver. The excesses can apply to either/or accidents and theft and can work out to be quite complicated. <> Do I get a discount for low mileage? Low mileage is taken into consideration by most Insurance Companies, once again it is all down to statistics, if you do fewer mi
An Excess is the cost that you bear which would need to be paid to the insurer before they deal with the remaining amount of the claim. All polices normally have an excess but if you pay a higher excess you will probably make savings on your policy. Remember that the only reason this reduces your premium is because you will end up paying out more at the point of making a claim and when budgeting for your car insurance. Compulsory excesses are applied to a policy and are based on the age excess and standard excess. You may also have an excess should you be a less experienced driver. The excesses can apply to either/or accidents and theft and can work out to be quite complicated.
