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E - Excess

05 June 2006

Excess - An amount of money you agree to pay in the event of an accident or theft before the insurance company settles the rest of your claim. Large excess figures are often enforced by insurers before high-risk or high-performance car drivers can get cover. By volunteering to accept a high excess, you can often bring down the cost of insuring your car.

What Car? Checklist: Cut your insurance bill

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