What affects your home insurance?

Insurance is all about risk – and there’s plenty of risk behind every front door. Clare Walsh takes a look behind the scenes at how home insurers price your annual cover and the measures you can take to reduce your quoted premium.

Clare Walsh: Insurance is all about risk – and there’s plenty of risk behind every front door.

The more we know about what insurers are looking for, the more we can do to persuade them that we deserve to pay less for our cover.

So in this video we’re going to take a look at what we can do to reduce our premiums...

Making your house safer (and cheaper to insure!)

Two of the biggest risks are burglary and fire. Insurers always take these into account when calculating the size of your premium.

They work out how risky your home is by quizzing you on the sort of locks you have on your windows and doors, and whether you have a fire alarm.


It goes without saying – a locked house is a safer house.

Different types of locks are rated differently, so getting the best lock type you can afford can reduce your premium.

These are just some of the common lock types, each with their own level of complexity.


It’s not only doors - windows need locks too, especially windows on the ground floor. These should always be locked when the house is unattended.

If you don’t do this, and the insurer discovers this if you claim, you could come away with empty hands.

Again, like doors, the type of lock you have makes a difference to the level of security, which can affect your premium.

Smoke alarms

Smoke alarms are cheap, can be fitted by your local fire brigade, and save lives. Don’t forget to change and test the batteries regularly.

If you don’t have one, then not only are you risking lives but you’ll also pay a higher premium. Even more importantly, insurers may not pay out on claims.

Burglar alarms

The burglar alarm gives a massive boost to the safety of your home – and will have a direct impact on your home insurance premium.

There are different types of alarm – from simpler systems through to ones that can text you if you’re out or at work, so you can quickly react.

The best alarms connect directly to the police or other security firm – and these provide the most discounts to your premium.

Neighbourhood watch

Insurers do value people who are in a registered Neighbourhood Watch scheme, and this can lower premiums.

Contact your local police station to see if your area has one you can join. If there aren’t any, you can also get advice from them about setting one up.

Safer, better, cheaper

Making your home as risk-free as possible makes a lot of sense. For a start, it can save you money on your insurance premiums.

And in the real world, it can also make your home safer and more secure – and that has to be a good thing.

If you shop around using MoneySupermarket, you can make sure you get the best deal at the best possible price.

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