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Oddly, excess is supposed to be a way to save the consumer money in the event that a claim needs to be made on a warranty, but this is often not always the case. Yes, the cost of repairs will be reduced by the amount of excess the plan holder pays, but that is not where the problem lies. Most car warranties do have excess written into them and Warrantywise can do the same. However, that is where the similarity ends. If you pay excess on a warranty plan from Warrantywise, the savings get passed on in other ways.

The real problem resides in the fact that most warranty companies will have excess on their plans but consumers still pay full price for the warranty. Not only are consumers paying perhaps up to £50 excess when a repair needs to be made, but they are not given reduced payments based on the fact that they have agreed to a prespecified amount of excess. Warrantywise will give consumers a choice of whether or not they want to pay excess and will also reduce payments as well if excess is chosen. This is what excess should do for you and if it does not allow for reduced payments you need to look for another warranty company that operates like Warrantywise.

Naturally most warranty companies don’t want you to know this because they want to get full payments for the warranty and they want to pay a little as possible when claims are submitted. Get quotes on car warranties and you will see that there are very few companies out there willing to reduce the cost of a warranty plan when excess is chosen, even if you are given the chance to opt out of excess. At Warrantywise you are given the choice and you will get a reduction in price. That’s what you should know about excess and what most warranty companies don’t want you to know.