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Excess Tips for Cheaper Car Insurance

Before reading the below information on increasing your excess we recommend you read our excess explained page which can be found here.

How does Increasing the Excess Lower the Car Insurance Quote?

When you make a claim you have to pay the first part of it through your excess. The higher your excess the more you have to pay towards the claim. As a result, the higher your excess the more likely your insurance company is to lower your premium.

Is it worth Increasing Car Insurance Excess?

Im some cases it is worth increasing the excess to save money on the insurance premium. Lets say for example your quote was to the value of £1000 and this included a compulsory excess of £200. However, if you add a voluntary excess of another £100 this could bring the quote down to as low as £900.

In this case it would definitely be worth increasing the excess. The £100 you save on the premium would only be used in the event of a claim, whereas without upping the excess you will pay £1000 no matter what.

Sometimes when you increase the excess the premium may only drop by £10 or £20. This we don't recommend as you may save £10 now, but in the event of a claim it would cost an extra £100.