How to get £250 free car insurance excess cover: Deal could save you when you make a claim
A car insurer is offering free £250 excess cover to every customer who buys a car insurance policy. Car insurance is a complex area of ownership as prices regularly fluctuate and change and there are many things that can invalidate or compromise your cover. We recently reported research about how that drivers face excesses of up to £3,000 for excesses for accidental damage, theft and fire-related claims Shockingly, 62 per cent of drivers admitted they would have to raid savings or turn to credit to pay their excess, in the event of a claim.
The range of compulsory less has increased dramatically since 2012, according to research from GoCompare.
Depending on their policy, drivers can now face compulsory excesses for a fire, theft or accidental damage claim of up to £3,000, compared with a maximum of £475 in 2012.
In 2012 it cost drivers from between £50 to £475 while in 2019 it costs motorists between £50 and £3,000.
In an attempt to alleviate some of the pressure of the excess increase for drivers, GoCompare is offering drivers money off.
The research showed that only 35 per cent of drivers check policy excess levels when arranging insurance, with the price being a higher consideration.
As a consequence, fewer than half (46 per cent ) knew the amount of their compulsory excess.
It is is giving away free £250 excess cover to every customer who buys a car insurance policy.
Qualifying customers who need to claim on their car insurance policy will be able to claim back up to £250 towards their excess.
Lee Griffin, CEO, and founder of GoCompare explained “Policy excesses are a hidden cost for drivers and they have gone up significantly in recent years.
“There’s also a massive difference in the cost of excesses between insurers. So, when arranging cover, it is essential you compare excess levels rather than just focusing on premiums.
“And in case the worst happens, check you can afford the excess you’re committing to.
“Some drivers agree to pay a higher amount towards the cost of a claim in return for a lower premium.
“However, if these drivers make a claim, their voluntary excess is added to the insurer’s compulsory excess – which can add up to a considerable sum.
“Using a comparison site like GoCompare enables you to clearly see the excesses you will pay and edit quotes to see how different voluntary excess levels could impact the premium – helping you get the cover you need at the right price.
“Customers arranging their car insurance with us will now get extra peace of mind knowing they can use our free £250 excess offer, helping to stop them being left out of pocket.”
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