This is the first part of any claim that you will pay. It consists of a COMPULSORY excess which is a fixed amount set by the insurance provider and can’t be changed plus a VOLUNTARY excess which is the amount you are prepared to pay in addition to the compulsory excess.
At Budget, your van insurance excess will vary depending on your policy cover and you can see some examples below.
The amount set by the insurance provider which can’t be changed.
Your excess could help you to keep your premium down – generally, the higher your voluntary excess the lower your price and vice versa. It’s important to remember that this excess will be payable in addition to any compulsory excess which applies.
You can see the exact excesses which apply to you in your policy documents, within your online My Account area.
For a replacement windscreen/window you will have to pay the first £100 of any claim, shown in your Details of Cover as window replacement glass excess. If your windscreen or window is repaired and not replaced a £25 excess will be payable.
Additional Excesses in the event of an accident:
- If the driver is 17-20 years old, a £ excess will be payable in addition to the policy excess.
- If the driver is 21-24 years old, a £ excess will be payable in addition to the policy excess.