What excesses apply for motor vehicle insurance?
When you take out motor vehicle insurance, you will need to choose a basic excess which will be the amount you need to pay in the event of a claim. However, in the event of a claim, if you or anyone who drives your vehicle falls into one of the following categories, an additional excess may apply on top of your basic excess: • Age excess – For drivers under 21 and for drivers from 21- 24 years of age. • Inexperienced driver excess – For drivers over 25 years of age and over, who have not held an Australian license for more than two years. • Undeclared young driver excess – For a driver under the age of 25, who at the time of the accident has not been declared or nominated as a driver on your insurance policy. • Special Excess – A special excess may be applied to your insurance based on your driving record and insurance history. If a special excess is applied, you will be advised in writing and the excess will appear on your insurance certificate.
