What different types of excess are there?
An Excess is the amount of money that the insurer would have to pay out in the event of a claim needing to be made. This money would have to be paid to the insurer before they deal with the residual amount of the claim. Most polices have an excess. You can volunteer to a pay a higher excess making you likely to make savings on the upfront cost of your car insurance policy. It must be remembered that the only reason this reduces your premium is because you will pay out more when making a claim. When you are thinking about the costs of your car insurance, this should not be forgotten! The usual compulsory excesses that can be found on a car insurance policy are the age excess and the standard excess. It may be that, if you are a younger or less experienced driver that an excess could also be applied. Excesses can apply to either/or accidents and theft and are very complicated. < Back If I do low mileage, will I get a reduction in my car insurance premium? Most Insurance Companies take lo
