Can I increase my excess to make my policy cheaper?
Increasing your excess may help reduce your insurance premium, depending on the type of cover you have. Here's how it works across Car, Home, Van, and Travel policies.
Can I adjust my Car Insurance excess to reduce my premium?
No, the Car Insurance excess is fixed at €300. This applies whether you have a Comprehensive or Third Party Fire & Theft cover. It’s set at this level, so all customers benefit from consistent pricing at both the start and renewal of their policy.
Can I modify my Home Insurance excess to lower my premium?
With Home Insurance, you’ve got more control. The minimum household excess is €250, but you can choose to increase it to €500 or €1,000. Picking a higher excess could reduce your premium. You’ll find your current excess on your insurance schedule, and you can update it before buying or renewing your cover.
Things to remember before increasing Home Insurance excess
Here are a few things to weigh up:
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Affordability - Will you be able to cover the higher excess if you need to make a claim?
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Savings vs. risk - Does the discount on your premium balance out the risk of paying more if something goes wrong?
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Claim patterns - If you expect to claim more often, a higher excess might not work out in your favour.
Can I adjust my Van Insurance excess to reduce my premium?
No. For Van Insurance, your excess amounts for Fire & Theft, Windscreen and Accidental Damage are fixed at the levels shown on your policy Schedule. You cannot increase them to lower your premium.
How does excess apply to Travel Insurance policies?
Travel Insurance excess amounts depend on the type of claim you make. The exact details are included in your policy pack, which you receive after purchase or renewal. It’s important to review this so you know what you’re responsible for if you need to claim.
Finding the right excess fit
Choosing the right excess can help you manage your premium. Need help working it out? Contact us for straightforward advice, or check your policy documents for all the details that apply to your cover.