Excess waiver insurance covers the amount you would otherwise pay as the excess on your car insurance claim. When you claim, your main insurer deducts your excess from the payout. Excess waiver insurance reimburses that excess amount, so your out-of-pocket cost is zero or significantly reduced. It can cover compulsory excess, voluntary excess, or both.

Compulsory excess is the non-negotiable minimum excess set by your insurer — it applies to every claim regardless of your preferences. Voluntary excess is an additional amount you choose to add on top of the compulsory excess in exchange for a lower monthly premium. Excess waiver cover can apply to either or both types.

It depends on your excess level and claim history. Typical South African car insurance excesses range from R2,000–R10,000+. For younger drivers or those with high-value vehicles, excesses can be substantially higher. If you have made or expect to make claims, the excess waiver often saves more than its annual premium cost over time.

Excess waiver premiums depend on your covered excess amount, vehicle type, and insurer. Indicatively, excess waiver policies range from approximately R100–R400/month. The higher your covered excess, the higher the premium. Submit an RFQ to compare FSCA-registered excess waiver providers for your specific vehicle and excess.