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Cheaper home insurance

Cheaper home insurance

Category: Insurance
Author: Tim Leonard
Updated: 05/12/2017

There are many ways by which you can get a cheaper home insurance premium, depending on your property and the contents it contains.

You may get a discount if:

  • You increase your standard policy excess. If you are willing to pay more before you need to make a claim, your insurance provider will offer you a substantial discount.

  • You buy buildings and contents insurance together. You may be offered contents insurance when you take out buildings insurance, but just because your building's insurer is suitable for your structural needs doesn't mean that they will fit your contents requirements. Buying the two together may save you money, but only do so if they cover everything you need them to.

  • You are offered an introductory discount.

  • You have a number of years of no claims discounts. The fewer claims you make, the lower your premium.

  • You have crime prevention measures installed. Fitting a burglar alarm (NACASS standard) and linking it to the police network could help to reduce your premiums.

  • Make sure you have adequate locks on all doors and windows.

  • Join a neighbourhood watch scheme.

  • Fit and maintain smoke alarms.

What next?

Still unsure of what type of home insurance to take out? Check out our guides to Contents & Buildings insurance.

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Disclaimer: This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.