5 Ways to Comfortably Pay a Higher Excess on UK Car Insurance

UK car insurance can be an expensive part of any driver’s budget. Some drivers who have looked into ways to lower their car insurance premium have opted for a higher excess amount in exchange for a lower insurance premium. Given that you regularly pay your premium and only pay excess if you file a claim, this does seem to make sense. However, you also want to ensure that your higher excess amount is affordable to pay if you do need to file a claim. Here are a few ways to ensure that your higher excess amount is affordable for you to pay. Check out cheap car insurance uk with Express Insurance.

1. Save the Difference

If you have recently raised your excess amount, you may now be enjoying the benefit of additional cash in your budget caused by your premium savings. You can simply absorb that extra cash as extra spending money for fun and leisure, but an alternative is to save the difference in your premium. With continued savings, you will soon have an amount equivalent to your excess available in your savings account. Then, you can withdraw money from your savings account if you need to file a claim.

2. Gradually Increase Your Excess

Another option is to gradually increase your excess rather than make a significant change all at once. As you make gradual adjustments to your excess, you can save the difference in the premium. This will result in a slower accumulation of funds in your savings account than making a huge jump. However, if you need to file a claim before your savings account balance is fully funded, this stair-stepping method will ensure that your car insurance excess is affordable to pay.

3. Double Your Savings

The fact is that you will need to pay your excess any time you file a claim. It is an unfortunate but true fact that sometimes accidents occur back-to-back. If your excess is high, you may have enough cash on hand to pay for one claim, but do you have enough cash to pay the excess on multiple claims filed within a short period of time? Consider doubling your savings account balance to account for two or even three excess payments to ensure you never have difficulty filing a claim.

4. Look for Excess Incentives

Some insurers offer excess incentives that you can take advantage of. These often are provided to policyholders upon policy renewal. You may need to request the incentives or bonus be applied to your policy, so talk to your insurer today to learn about incentives that could result in savings on your excess, premium or both.

5. Consider Alternative Payment Options

While saving an amount of money equivalent to your excess is one way to ensure that you can pay your UK car insurance excess, you may also consider alternative payment options. For example, you may consider adjusting your budget so that you always have enough cash left over at the end of the month to pay your excess out of your income rather than out of your savings accounts. You may also consider using credit card accounts or other sources of funds to pay your excess.

Choosing a higher excess can lower your premium, but you want to ensure that your excess is affordable to pay as needed. Follow these tips to make saving money with a higher excess more affordable.


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