Increased insurance excess won't necessarily cut premiums, say experts

Staff writer
The scene where a van has crashed through the kitchen window of pensioner Annie Burrell's home outside Waringstown, in County Down.
The scene where a van has crashed through the kitchen window of pensioner Annie Burrell's home outside Waringstown, in County Down.

Drivers are being warned that increasing the voluntary excess on their car insurance policy may not have a large effect on the price of their renewal premium. Insurers are being accused of ripping off motorists, allowing excesses of up to £1,000 to be selected without offering a corresponding price cut.

Research conducted by insurance comparison website uSwitch.com found that increasing the voluntary excess from £250 to £1,000 only shaved an average £12 off the cost of the policy.

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