Comparing he meercats just now, and there is a column for compulsory and voluntary excess.
I think compulsory is self explanatory, but what is voluntary excess?
eg one says
Total£ 675
Compulsory£ 375
Voluntary£ 300
You can choose to take a larger excess in order to reduce your premium.
(You know what excess is, yes?)
compulsory you must pay on a claim, that's from insurer.
voluntary you select how much you pay, but obviously the more the voluntary, the more your premium decreases. So if I do £250 compulsary and £0 voluntary, I might pay £1000
However if I do £250 compulsory and £250 voluntary, I might pay £750.
However in the event of a claim I must pay £500 up front as opposed to £250.
Geddit?
yes thanks
It is the one you voluntarily elect to pay. In return for a reduced premium.