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Your home is probably the greatest financial commitment you’ve ever made, insuring it makes sense but can cost you. Use our money saving tips to help you drive down the cost of those monthly premiums.
Shop Around!
What do you need?
Lower your risk
Whether you already have insurance or not, the most important thing you can do to keep down the costs is to shop around for the best deal. It’s very easy to do, especially with our own search engine which will compare over 95% of the market for you for free!
While searching around double check the results you get by calling the companies up, after which consider haggling with them. Everyone seems to enjoy haggling in markets while on holiday but there is no reason you shouldn’t do that with your insurance provider.
Be sceptical introductory deals put on offer by insurers, these deals usually only sound great but end up with you paying more than you should.
Simply shopping around and looking for the best price can make you substantial savings. Top
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Consider carefully how much cover you’ll need. The level of cover you take out will directly alter your monthly premium, it may save you more money to cut back on your cover and pay out one sum if something is stolen or destroyed then pay a high monthly premium for years.
If you want a lot of cover, you may decide to take out both building insurance and contents insurance. This will cost you more but even here there are savings to be made. Shop around for each level of cover and do not assume that a joint policy will be any cheaper. Top
Insurance companies will weigh in the risk factor of paying out money when setting any premium. Lowering your risk is probably the best way to save money and can be done with simple precautions.
A fire can be one of the most destructive and costly disasters to strike your home. Reduce your risk by fitting new smoke detectors and by hiring an electrician to check all electronics in your house.
Subsidence is a risk to many households, if your area is prone to it there is little you can do to reduce it, however remove trees and shrubs growing close to your property can have an effect.
Thieves are a bane to every household, protect yourself from them and lower your risk by installing bolt locks to all outside doors, make sure that the door does not allow a plastic card to push back their tongue or a burglar to break a window to unlock it. Locks are only as strong as their doors and frames consider fitting secure doors. Joining a neighbourhood watch scheme can also greatly reduce your risk.
Frost can cause a lot of damage to your property, repair any dripping taps and insulate all exposed pipes, especially the ones in the attack, and you could substantially lower your risk and you premium. Top
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