The excess is the sum of money you need to pay in the event of a claim on your policy. This amount varies from company to company.
Never go with the first van insurance quote you receive even if it looks reasonable, always compare quotes to see that you get everything you need included in the price.
You can reduce payments by offering a voluntary excess, but keep in mind not to offer a huge sum as you will need to meet it if you make a claim.
Even if you find a cheaper quote than your existing insurance it's worthwhile telling your existing insurers to see if they will match or better the offer.
