If you’ve a renewal coming up, or you’re buying home insurance for the first time, here are five ways to pay less for your cover.
1. Shop around
This is the golden rule. If you do nothing else, make sure you shop around to see who’s offering the best price and, if you’re renewing, how their prices compare to your insurer’s renewal quote.
Your insurer isn’t going to reward your loyalty with cheap cover. In fact, they’re more likely to offer cheaper cover to new customers so that they can get more people on their books. But you can use this knowledge to your advantage by always being a ‘new customer’ and switching to a new provider each year.
It only takes a few minutes to get a huge list of quotes from our home insurance comparison service.
And with a few clicks you can add or remove policy features like home emergency cover, personal possessions cover and accidental damage cover to see how it affects your premiums.
Just think how long-winded that would be if you were to phone several insurers and get the quotes manually!
MoneySuperMarket is an independent company and not owned by an insurer, so you can be sure that you’re getting the best price for you and a set of quotes aligned to your needs.