We Explain What Is Private Motor Excess Insurance

It Might Be Helpful To Start With A Few Additional Questions:

Have you ever had to make a claim on your private motor insurance, only to be reminded of your obligation to contribute your own money to the repair or replacement costs?

Have you ever found it difficult to lay your hands on that excess amount – which might be quite a tidy sum?

Worse still, did you have to take out an expensive personal loan simply to pay upon the excess?

If the answer to any of these questions is yes – or likely to be yes the next time you make a claim - private motor excess insurance might be the solution for you.

What It Is & What It Does?

Excess insurance protects the excess applied by your motor insurer to practically any cover you arrange. Your motor insurance generally has, at minimum, a compulsory excess, which you are obliged to pay as the first part of any claim (provided the claim exceeds the amount of the excess of course – and if it doesn’t you need to pay for the costs of any repairs yourself).

Typically, private motor excess protection is standalone insurance, independent of the underlying main motor policy, which protects your liability for paying such an excess by reimbursing you the excess amount you have paid in the event of a successful claim – so long as the excess insurance covers that amount of course.

At Bettersafe, we go one step better than this by offering standalone excess insurance cover which ensures that the excess on any valid claim you make on your main motor policy is promptly paid by the excess policy itself – so that you do not have to claim any reimbursement.

Instead of facing any embarrassment when trying to get your car back from a repair shop – which is perfectly entitled to insist on your payment of the excess before releasing the vehicle – our private motor excess insurance is one of the very few of its kind to make the insured excess payment directly to the garage on your behalf.

Voluntary Excesses

Whilst direct payment to the garage may be welcome news, there is still more to come.

One of the ways recommended by the government-backed Money Advice Service for reducing the cost of your motor insurance premiums is to agree to an additional voluntary excess with the insurer of your motor vehicle.

Whilst this may sound immediately appealing – since your premiums cost less – you face the uncomfortable prospect of paying an even greater excess if you ever need to claim.

But not if you have had the foresight to arrange standalone excess cover on top of the underlying main motor policy. With an excess protection policy that covers the full amount of any excess you may need to pay, you may feel entirely confident in agreeing to an additional excess and enjoy the reduced premiums which that agreement brings.

Private motor excess insurance, therefore, may help take the sting out of any of those occasions when you need to make a claim on your car insurance – and also give you the opportunity for reducing the premiums you pay on that underlying insurance.