Car Insurance -
Jargon Buster

Excess

This is the first part of each and every claim which you (not your insurer) must pay. There are two types of excess:

A compulsory excess is an amount we require you to pay and will vary according to your personal circumstances and the terms of cover provided. A compulsory excess may be required if you drive a particular car or you have inexperienced drivers on your policy. There is also a compulsory excess for fire, theft or windscreen claims.

A voluntary excess will apply when you agree to pay a greater part of each claim than the compulsory excess. A voluntary excess can be increased or decreased at your request during your quote and it may affect your premium.

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