What is the difference between voluntary and compulsory excess?

Compulsory excess: This is the fixed amount pre-set by your insurer to be paid if you make a claim on your car insurance. The excess level tends to be higher for new drivers with less driving experience, or those who drive high-performance cars – depending on the car’s insurance group.

Voluntary excess: Voluntary excess gives you control over the cost of your car insurance. You decide how much to pay. Added to your compulsory excess, you will need to pay both in the event of an accident so make sure you can afford to pay this amount in the event of an accident. You may either choose a lower voluntary excess for a higher premium, or a higher voluntary excess for a lower premium.