- There are actually many people these days who wants to decrease the premium they're paying for their own car insurance policy. Lowering the premium on your automobile insurance is not as tough as it seems. You just need to find out where you should look and be able to change that aspect to lower your insurance premiums. Among the first stuff that you need to examine will be EXCESS. "Deductible" can also be a term utilized for excess; this is actually the first amount in almost any claim that is paid out for by the particular policyholder. For instance, you had been associated in any vehicular accident and for that reason your automobile requires numerous repairs. the auto repairs amounted up to $ 2,000. As a motor insurance policyholder, you have to pay an excess of $ 500; what happens is usually, for you to simply pay your excess and the insurance agency will pay for the rest of the amount of $ 1,500.