What's an insurance excess?

An excess is the amount you are required to pay towards a claim on your policy. When you take out a policy, we apply a standard excess. On most of our policies you can select your excess from a range of options that can increase or decrease your premium. A higher excess will reduce your premium and cost you more at claim time. A lower excess will increase your premium but lower your costs at claim time. The excess you choose is entirely up to you. Some policies also have non-removable excesses. These are usually due to driving history, your age or licence level. Any excess that applies to your policy is shown on your Certificate of Insurance.