Car Insurance Total Excess

The difference between compulsory and voluntary excess.

Car insurance total excess. A car insurance excess is the amount you pay when you want to make a claim. Total excess is the combined amount of compulsory excess and voluntary excess that you ll need to pay towards any claim you make during your active policy period. What is car insurance excess. Here we ll answer the questions surrounding this element of car insurance cover.

For example if you have a compulsory excess of 250 and a voluntary excess of 150 you ll have to pay 400 towards the cost of any claim you make. Car insurance excess is the amount you ll have to pay towards a claim that you make on your insurance. What is car insurance excess. Using the same example above the insured pays an excess 500 while the insurer pays 13 500 the sum total of 6 000 and 8 000 less the excess of 500.

The total excess is likely to be made up of a compulsory and voluntary excess. If for example your total excess is 500 including both compulsory and voluntary excess you can take out excess insurance up to this level. It means the total excess applicable for every accident. Excesses mainly exist to deter people from claiming really small damages or claiming things too often.

So if your excess is 250 and you make a claim for 1 000 your car insurance provider will keep the first 250 and give you the remaining 750. In a nutshell your excess is a fixed amount that you have to fork out if you make a claim. This amount will vary depending on the policy and your provider. Here s how it works you make an accident claim for 1 000 and your excess amount is set at 600.

What does total excess mean on car insurance. When you buy your car insurance the insurance company usually sets a basic excess amount or deductible that you have to pay towards your claim. Is it common to have excess for section 1 section 2 separately or on a all claims basis. Car hire excess insurance will also cover you for some of the extras charged by the rental company such as damage to tyres underbody damage and damage to any auto glass.

When taking out an insurance policy there will be a compulsory excess on it. For example if damage to your car costs 1 000 and your excess is 300 you will pay 300 and your insurer will pay 700 or if your excess is 400 your insurer would pay 600. We can help you find a great price on car hire excess insurance so you know you re covered should the unthinkable happen.