All information and advice is of a general nature only, and does not take into account your personal or financial needs.

When applying for comprehensive cover, you as the policy holder has a duty of disclosure to tell the insurance company the truth about your driving history, and details of the car. If you have not been completely honest, they may decide not cover you in the event of a claim.

An excess is the amount paid to the insurance company when you make an at fault claim. Every insurance company has an amount that their excess costs, and it will be noted on your insurance certificate. If the accident is your fault (usually determined between your insurance company and the other driver’s insurance company) you will need to pay an excess before they will repair your car. If the accident is not your fault, then there is a no fault excess, which is no amount. The other “at fault” driver’s insurance company will pay for your car and their car to be repaired. This basic excess will always be charged, along with another excess if you fit the criteria.

If you are under 25 and have an “at fault” accident, you will have to pay the basic excess, plus, an age excess. Depending on the insurance company you choose, the age excess may be higher for under 25's. This age excess applies for young drivers to be more careful on the roads.

The insurance company will determine whether they will charge you an imposed excess when you make a claim,(this will be stated on your insurance certificate) this may apply in regards to how many claims you have made in the past, had any driving or licence suspensions, committed any crimes.

Or

If your car has non manufactured accessories, there may be an imposed excess.

Or

If you have given a friend permission to drive your car, and they have an “at fault” car accident, there may also be an imposed excess, as well the basic excess.

If you are driving in Australia, but do not hold an Australian drivers licence, you will have to pay the basic excess, plus a licence excess. Once you sit and receive your Australian drivers licence, this excess will not apply. You may also have to pay a higher premium for not having any experience driving on Australian roads.

VOLENTARY EXCESS

This option may apply where you can lower your yearly premium with a company, but choose to pay a higher excess if you end up having an “at fault” accident. You may increase the excess to $500.00 or even $1000.00.