Excess on motor insurance

The Excess is the amount payable by the policyholder as their contribution towards a claim.

Some insurers peg their standard Excess just below NTUC Income and publicise it in their materials.

They conveniently omit to mention that young and inexperience drivers are subject to higher Excess.

They also impose an additional Excess for unnamed drivers.

Product Features    INCOME    Co-A     Co-AX      Co-R    Co-C   Co-H
Basic excess        $500     $450   $200-$600    $450    $500    $500
Young driver       $2000    $3000     $2500     $3950   $2500   $1500
Unnamed driver      NA    $450-$550   $500       $750    $500    $500