Car Insurance protects motorists and drivers against liability in event of accidents they may cause. It can also provide cover for motorist's own vehicle. If you are cause of an accident car insurance company will pay your liability to other people involved in accident.

Car insurance is a contract between you and insurer, specifying each party's rights and obligations. Essentially car insurance company promises to provide specific coverage for you in return for your payment of car insurance premium.

Home insurance, also known as Household Insurance is a policy designed to cover your home and if applicable its contents against possible risks.

With most aspects of household insurance, premium is based upon factors over which you have no control. The location of property, its age, value of its contents are all fixed and there is little that you can do about it.

There are three factors, however, that can make a large difference to insurance premium and that you can affect directly. The three factors are: amount of voluntary excess, security features of your home and your claims history. Listed below is a breakdown of three factors:

Voluntary Excess If you make a claim insurer will expect you to pay first part of claimed amount, this is known as Excess. Because insurer insists that this is paid for each and every claim it is known as compulsory Excess.

Most insurers are happy to provide a discount on insurance premium if you are prepared to pay a larger part of any claim in other words, accept a larger Excess. Because this decision is up to you it is known as voluntary Excess. The amount of any discount will vary between insurers but is generally in region of 5% to 15% depending upon how much you are prepared to accept.