Why Should You Buy Car Excess Insurance?

When you arrange motor insurance, you may typically find that you also agree to accept a compulsory excess. This is the first amount that needs to be paid by you personally in the event of any claim. In other words, when any claim is made, the insurance settlement has the excess deducted.
 
Although this compulsory excess may be applied to any motor insurance policy, the level of excess is likely to be especially high in the case of younger, inexperienced drivers.
 
In addition to the compulsory excess, you may also be given the option of accepting an additional voluntary excess in return for a discount on the cost of your car insurance premiums.

The Excess Trap

Any excess – compulsory and voluntary – you have agreed to pay, of course, becomes payable in the event of a successful claim. Not only that, but the repairing garage is likely to insist on your making your contribution and paying the whole of the excess before releasing the repaired vehicle back into your possession.

Although the reduction in insurance premiums that an increased excess earned may have been welcome, therefore, you may become trapped into an expensive commitment to pay the whole of that excess before you get back your car from the garage after an accident.

Springing The Trap

With our car excess insurance at Bettersafe, however, you have a way of springing yourself from any such excess trap.
 
Private car excess insurance is available to protect you against paying any excess – whether compulsory or voluntary. Where other forms of excess insurance rely on the reimbursement of the excess you have paid, however, the Bettersafe product ensures that this sum is paid directly to the repairing garage.
 
Thus, there is no argument or dispute with the garage about the excess you owe, there is no scrabbling around to borrow the amount of the excess to pay the garage, the whole of the amount is instead paid directly to the repairer – so you face no delay at all in taking possession of your car once again after its repair.

How It Works

That is effectively how simple car excess insurance works. The premium for this piece of additional, standalone insurance is determined by the amount of the excess you want to cover and, with that safeguard in place, you may be certain that any level of excess is automatically paid in the event of a valid claim on your motor policy.
 
You stand to win twice over, in fact, because the prospect of protecting any level of excess means that you may take a more relaxed attitude towards accepting both compulsory and voluntary excesses, increasing them in order to make your underlying motor insurance cheaper still.