A leading price comparison website has discovered that homeowners are managing to save on their car insurance but they are still overpaying around 1.3 billion each year on their home insurance policies. The survey carried out discovered that only 8 percent of home owners who checked to see if they could save money on their car insurance also checked to see if they could save money on their home insurance.

Darren Black, head of home insurance at Confused.com, said: "Almost 44 per cent of UK homeowners have not reviewed their home insurance policies in the last five years, yet 65 per cent of motorists say they have used comparison sites to ensure they get the right deal for their car insurance.

"It is unlikely Britons care more about their cars than their homes - but they could be a little too trusting that the home insurance policy they took out several years ago is still the right policy at the right price." With money being tight for most this year now could be the perfect time to see if there is money to be saved on the home insurance policy.