Originally Posted by sshirazz
They say I can get covered for an excess of £2000 for £100 a year.
That should make my excess £1000 instead of £3000. But I guess that only covers for one accident.
It actually says it will cover for more than one claim.
I've never seen anything like that before. It seems almost too good to be true.
Spending £100 per year to save the risk of £2000 possibly more if more than one claim actually seems worthwhile for new drivers.
1 in 5 new drivers have an accident within 6 months of passing their test. This is a 20/1 risk at the price.
I dare say that it would work out well for many young drivers to take a £2000 excess to reduce their insurance and use a policy like this.