Car insurance levels should not be exceeded

Motorists in the UK may find it beneficial in the long-run to stick to sensible car insurance levels.

This is because new research from MoneySupermarket has shown road users who select higher voluntary excess options in a bid to lower their overall premium could end up paying greater sums in total.

The study pointed out that choosing a lower cost upfront might prove a false economy if a driver is required to make a claim.

Peter Harrison, car insurance expert at MoneySupermarket, noted those hoping to limit costs may think “altering the voluntary excess level to a higher amount will result in a lower premium price. But motorists beware – this isn’t always a cost-effective option”.

Mr Harrison explained voluntary excess amounts are those that individuals are willing to pay if a claim needs to be made, which could amount to several hundreds of pounds when added to any compulsory excess included by the insurer .

He observed checking the excess level on an arrangement is quick and easy to do when researching the policies available, adding this purchasing process can prove beneficial further down the line.

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