Having zero ins. excess possible?

tigerstyle · 13 Jan 2008 at 17:44

G'day, I'm a young driver (23) sorting out insurance on my Golf,

I understand the point of having some 'excess' on your insurance, but on the post office website I have the choice to drop the excess from my chosen £150 down to zero. And it makes nho difference to the premium?

Is this likely to be a glitch their end, or is having zero excess possible? I ask as under 24's are also slapped with an extra £200 excess anyway, so by choosing zero excess I'll still have to pay £200 anyway, which I can deal with, however my chosen £150 plus this extra £200 is a pain in the ....

experiences with this guys?

cheers all

Psycrow · 13 Jan 2008 at 17:51

If it says zero and it doesn't change the price, do it. Even if its a glitch, once they take payment and send out the certificate, they will have to honor it.
If theres a £200 excess anyway then its quite possible its not an error and its just the way they run their policys. Either way, do it

johnny6 · 13 Jan 2008 at 18:00

I think most insurance companies offer zero excess if you are willing to pay a higher premium. If it doesn't change your quote do it.

tigerstyle · 13 Jan 2008 at 18:03

Aha the qouted price went from £319 with £150 excess to a whole £324 with zilch excess

must have got *slightly* lucky there then!

Goksly · 13 Jan 2008 at 18:04

You have reduced the voluntary excess. They probably have a standard comp excess as well as a young driver excess. If its not changed the price then go with the lower (obviously) but your policy will still have some excess etc.

degen · 13 Jan 2008 at 18:11

My excess on my policy with direct line is 350 Vol. Excess + 400 Comp. Excess. Only upside is that i'm 22, 0 NCB and I only pay £850 to insure a fiesta ST. They pretty much neglet to tell you about the Comp. Excess unless you read the fine print on the directline website, well i couldn't see it so I got quite a shock when they told me on the phone when I went to swap my policy that I would be paying £750 excess lol

Duke · 13 Jan 2008 at 18:17

Goksly said:
You have reduced the voluntary excess.

Yep most likely.

Goksly · 13 Jan 2008 at 18:33

degen said:
My excess on my policy with direct line is 350 Vol. Excess + 400 Comp. Excess. Only upside is that i'm 22, 0 NCB and I only pay £850 to insure a fiesta ST. They pretty much neglet to tell you about the Comp. Excess unless you read the fine print on the directline website, well i couldn't see it so I got quite a shock when they told me on the phone when I went to swap my policy that I would be paying £750 excess lol

Its on the quote page under your vol excess (or at least was when i did my insurance).

Didnt have to look in fine print etc.