How do I get a no claims discount on my home insurance?

Key Takeaways

• To qualify for a no claims discount, you’ll typically need a claim free period of at least a year depending on your insurer

• Avoiding minor claims can help you maintain your no claims discount and lower your premiums over time

• No claims discounts can apply to both contents and buildings insurance, so always check with your insurer to see if you can save

How do I get a no claims discount on my home insurance?

You’ll generally qualify for a no claims discount on your home insurance policy once you’ve gone for 12 months without making a claim. This discount can grow for every year you go without claiming for up to five years.

You’ll need to be with your insurer for at least a year, but after this you should be able to transfer your no claims discount to a new policy or provider.

When shouldn't I claim on my home insurance?

Not every issue is worth claiming on your home insurance - it might be better to handle minor damages yourself by paying out of pocket, thereby preserving your no claims discount. As well as this, making a claim can actually lead to your premiums going up the next year, so avoiding making minor claims can really help keep costs down.

Does the no claims discount apply to both contents and buildings insurance policies?

Yes, many insurers offer no claims discounts for both contents and buildings insurance. Buildings insurance covers the structure of your home, including walls, roofs, and floors. Contents insurance, on the other hand, protects personal belongings within the home, such as furniture, gadgets, and clothing.

Will claiming on my contents insurance policy affect my buildings insurance NCD?

Generally speaking, you should be able to claim on your contents or buildings insurance policy with it affecting the other policy’s no claims discount. However, you should check with your provider to be sure before making a claim.

How much will I save with a no claims discount?

The amount your provider will discount from your premiums based on your no claims period varies between insurers, which is why it’s so important to compare your options before buying. It’s worth noting that even if you have a no claims discount, other things like insurance premium tax or even environmental factors can also affect your premium costs.