Comprehensive
Motor Vehicle Insurance
Premium, Excess and Claims Guide
Key premium factors Premium impact
Where you live Areas with higher rates of theft or
accident may attract higher premiums.
The vehicle
being insured
The premium we charge will take into
consideration the characteristics of the
range of different vehicles we insure. For
example some vehicles attract a higher
premium than others because they have
a higher repair cost due to things such as
vehicle model and age.
Modifications
and non-standard
accessories
Any modifications or accessories fitted to
your vehicle that we have agreed to insure
for an additional value may result in either
a premium increase or discount.
The agreed value you
choose for your policy
The higher the agreed value, the higher
the premium.
The purpose for which
the vehicle is used
If the vehicle is for business use rather
than private use the premium will
be higher.
Whether the vehicle
was purchased under a
finance arrangement
If the vehicle is financed, rather than
owned outright, the premium will
be higher.
The frequency
premium is paid
You will pay less if you choose to pay your
premium annually rather than paying by
monthly instalment.
Whether you select a
voluntary excess
The higher the amount of the voluntary
excess you choose, the more it will reduce
your premium.
The age, gender,
licence, driving,
insurance and criminal
history of all regular
drivers who use your
vehicle listed on your
policy schedule
These factors are all relevant to the
likelihood of the claim and the risk we
are accepting and will increase or reduce
the cost of your insurance.
Any discounts for
which you are eligible
If you are eligible for any of our discounts
this will attract a lower premium. The
main discounts we offer are discussed in
more detail in this Guide.
The optional covers
you have selected
Selecting an optional cover such as
‘Excess-free glass cover’ or ‘Rental car
following accidental damage’ will attract
a higher premium.
Importantly, the information you give us will
determine how the risk is assessed and therefore
the amount of your premium. You need to check
your policy schedule to ensure all information is
correct. If the information is not correct please
call us immediately
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