So it's like an insurance policy that will pay off the excess on your car insurance policy. Like the insurance equivalent of those Russian nesting dolls. You usually just get excess insurance when you rent a hire car. It's not so much of a thing with standard car insurance policies. How insurance works. Car insurance excess: the big Cuvva guide Jump to.
There are two types of excess: compulsory and voluntary. Compulsory and voluntary excess: what's the difference? What does compulsory excess mean? Compulsory excess is set by your insurer. That means your excess can be affected by your: Age Younger drivers tend to pay more for their insurance than older or more experienced drivers. If you're under 25, your excess might be bumped up quite a bit.
Postcode People who live in areas where there are lots of crashes, claims and thefts pay more for their car insurance. Car The car you drive can have the biggest impact of all. You might get a higher excess is you drive a car that has: A powerful engine Few safety features Parts that are expensive to get hold of or repair So if you're driving a brand new , high-spec car that cost a fortune , you'll probably get a higher excess than on an old, cheap, low-performance car.
You can check all the details about your car for free. Insurance company And, just like your premium, different insurers will charge different excess. You can't change your compulsory excess. What does voluntary excess mean? What does total excess mean? When you make a claim, you have to pay compulsory and voluntary excess.
When you add them together, you get your "total excess". This is the number that matters. When you make a claim, this is what you'll have to pay. Get a fairer policy price. How much voluntary excess should you pay? Read more. When do you pay excess on car insurance?
If it's not your fault, you can claim on the other person's insurance. Which sounds simple. But things can get a little more complicated. What an excess will cost you? Repairs smaller than your excess? A reward for not claiming One of the benefits of not making a claim when the cost of your repairs is less than your excess, is that you get to keep your No Claim Bonus.
Read more articles on protecting things you love at The Hub. It depends on your insurer, the circumstances of your claim, and the policy. If the other driver has admitted fault and has already told their insurer, your excess might be waived. We checked comprehensive policies on Defaqto to find out what excess you would pay in different situations.
If an unapproved garage or mechanic repairs your car, your insurer might ask you to pay an additional excess. Excess protection insurance covers the cost of your excess, up to a limit you choose, when you buy the policy.
You pay your excess first, and when your claim is settled, your excess cover policy refunds you. Unlike standard car insurance, some high-excess policies will require you to pay it even for third party claims.
It can be more than the cost of repairs. Always read the terms and conditions - if the cost of a policy seems too good to be true, it probably is. Car insurance purchases only. Standard Excess. Other excesses if applicable. Theft or attempted theft of your car. Storm, hail, flood or fire damage. Malicious act or vandalism. Collision with or by an animal. Age excess Inexperienced driver excess Driver history excess. Read more: What are the different types of car excess? What happens to my insurance if I sell my car?
Does AAMI car insurance cover animal damage to your car? Related Articles. What's the difference between CTP and comprehensive car insurance?
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