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Question:
What is a car insurance policy excess?
Answer:
The excess is the amount you have to pay if you make a claim on your insurance. There are two types of excess - compulsory and voluntary.
The compulsory excess is a fixed excess set by the insurer and it varies depending on the type of car and a driver’s age and experience. The compulsory excess cannot be changed.
The voluntary excess is an additional excess amount set by you - a higher voluntary excess can result in a lower premium being charged. Any voluntary excess and the compulsory excess will be added together to create the total excess for each driver.
