Car Insurance Jargon

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Voluntary excess - 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. Young drivers may have to bear a higher policy excess. You can usually 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.