Potentially, this should result in the greatest savings for you. However remember, in order to make a claim, the amount that it costs to repair your vehicle must be greater than the amount you have selected to insure. If not then you will have to pay for any repairs that are less than your nominated excess amount. For example, your excess is £1,000 and you have an accident, the damage to your vehicle will cost £650 to repair, there will be no claim on your Motor Insurance or your Excess Insurance. Or your vehicle is a total loss and valued at £1,800 but your excess is £2,000, there will be no claim on your Motor Insurance or your Excess Insurance.
We therefore suggest that you select the excess amount that you feel most comfortable with.
