Voluntary excess?

Question:
When choosing a voluntary excess on a car insurance policy, would I have to pay this if I caused an accident and another party claimed from my insurance, or do I only pay a voluntary excess if I claim from the policy myself?

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Hope that makes sense!

Answers:

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A voluntary excess is the amount that you choose to bear in addition to the policy excess that has to be paid in the event of a claim for damage to your own vehicle. Young drivers may have to bear a higher policy excess. Please check individual insurer's wording. You can select the amount of voluntary excess you are prepared to bear. If you decide to bear an additional (voluntary) excess it may mean that your premium will be reduced. . Please note if the claim is deemed not to be your fault, it may be possible to recover your excess from the party deemed to be at fault.

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I hope that this makes sense back! Always read the small print and ask the question to potential insurers to be sure!

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Happy insurance hunting!

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Where can I find cheap auto insurance?

You pay the excess either way, but if its their fault you get it back.

How long do you have to pay the fee for a lapse in car insurance coverage?

You pay the excess if your in an accident and there is a claim, doesn't matter who's fault it is you still pay, but if it turns out it is not your fault you get the excess back.

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In a low impact rear end should you get help making your claim, car has minimal damage but my back got hurt?

You WOULD have to pay the voluntary excess - it relates to any claim on your insurers, either by yourself or a third party. The only difference is, you should get your excess back if your insurers get the other party's insurance to pay up.

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