How is this calculated?

Calculations combine your inputs with transparent benchmark assumptions.

Can I compare scenarios?

Yes, adjust key variables to compare outcomes side by side.

How often is data updated?

Benchmarks are refreshed periodically through the tool data pipeline.

Yes, assumptions and outputs are designed for UK users.

How accurate are the results?

Results are planning estimates and should be validated for high-impact decisions.

Policy Excess Decision Assistant

Estimate likely annual cost across different excess levels by combining premium differences, claim likelihood assumptions, and potential out-of-pocket exposure so you can choose a more balanced excess level.

⏱️ 4-6 minutes • 💪 Standard

Updated 2026-03-10

How This Tool Works

📋 Purpose

Help you choose an excess level that balances lower premiums with manageable out-of-pocket risk.

⚙️ How It Works

1
Enter premium and excess options
2
Set claim-risk assumptions
3
Compare annual expected cost and downside

Your Details

Enter your information to get personalized excess recommendations

📍 Postcode

⏱️ Planning Horizon

💰 Monthly Spending Capacity

How much could you comfortably pay out-of-pocket for a claim?

Was this tool helpful?

Your quick feedback helps improve our tools

Policy Excess Decision Assistant Guide

Use realistic policy and household inputs to compare excess levels and choose a safer premium-versus-risk balance.

📅 Last updated: 2026-03-10

Quick Tips

Jump-start your understanding with these essential tips

Step-by-Step Guide

Follow these steps to get the most from this tool

Add the annual premium linked to each excess tier you are considering. Include any mandatory policy excess so each option is comparable.

💡 Pro Tips:

•Use quote documents where possible.
•Keep assumptions consistent across options.

Advanced Topics

Deep dives for advanced users

📚Read More Articles

Discover helpful guides and insights

Frequently Asked Questions

Was this tool helpful?

Your quick feedback helps improve our tools