INSURANCE DETAILS

Insurance

Insurance Explained

Types of Insurance

Cycling Insurance
Contents Insurance
Life Insurance
Motorcycle Insurance
Pet Insurance
Travel Insurance
Van Insurance

Saving Money On...

Car Insurance
Home Insurance

Other

Contact us
Advertising Enquiries
Homepage

Saving on Home Insurance


Home insurance splits into the bricks and mortar insurance - buildings insurance - and the stuff that you put inside your house such as your valuables - the contents, hence that bit is called the contents insurance.

How can you save on your home insurance? Well, clearly the number one tip as with every type of insurance product is simply to shop around. The more quotes you get the more likely you are to get a better deal. If you ask ten people for a quote then statistically speaking there is going to be a better deal in there for you than just asking one person -that is basic maths. With the number of comparison sites out there, it has never been easier to compare (although that said - there are various elements of complexity that it is hard to accurately capture by just asking a few different questions).

Secondly ask yourself what you actually need to be covered for. For instance when it comes to the contents insurance, are you being insured for a massive amount more than the contents of your home are actually worth? Did you use to have some exceptional items in your house of greater value that were listed separately that you have subsequently sold? In other words, then, are you paying for a level of cover greater than what you need? Because if so then it can be reduced without negatively affecting the cover you require, whilst reducing the amount you have to pay.

Think about any discounts that you might be able to apply for - have you just got a really good new burglar alarm system installed in your house? Or are you now in a neighbourhood watch area? Mention any changes such as this to your insurer and see if they take them into account and as a result can lower your home insurance costs as a result. Generally anything that could increase security of your house and therefore slightly lower the risk of your property being vulnerable and ultimately you having to make a claim is worth mentioning to insurers to see if it lowers the cost. Even things like having double glazing can help.

Also remember that you have to be absolutely honest with all these things - because if you mention that you have an alarm system and get a discount as a result then need to make a claim, if anything is not as you said it was then the potential that your claim may be invalidated. Therefore always be straightforward and stick to the simple facts when taking out any insurance product.

As mentioned with other articles, consider combining multiple policies with one insurer if you are happy with them and therefore benefit from reduced costs that come from having multiple insurance products with the one provider.

Related Articles...

Bicycle Insurance
Bicycle insurance, as with all insurance products, gives you a way to deal with the risk of having something happen to your bicycle - depending on the product you choose - and therefore having the...

Contents Insurance
Contents insurance is a type of insurance product that covers the items that you have - the contents - of your home. There are a range of different providers of contents insurance out there on...

Prize Indemnity Insurance
Prize indemnity insurance is a purchase that would be considered by someone offering a large prize and thus could stand to lose a considerable sum of money. This form of insurance would mean that...

Travel Insurance
One of the most common forms of insurance product is travel insurance. Wherever there is travel involved, there is invariably risk, and infact a range of risks, and therefore an insurance product...

Health Insurance
One of the most common insurance products is health insurance, a broad umbrella category that covers any sort of insurance product that helps an individual mitigate against the expenses that are...

Saving Money on Car Insurance
Like with most types of insurance, the car insurance sector is extremely competitive. There are a lot of providers of this product, but also a lot of different factors that are taken into account to...

What Is Insurance?
What exactly is insurance? It sounds like a very basic concept, but it is important to know what insurance is, in order to work out why insurance is so essential to modern-day activities, and why...

Life Insurance
One of the most well-known types of insurance product is life insurance. And this does very much what it says on the tin - it insures against the life of a person. Thus, if the policy holder (the...

Motorbike Insurance
Motorbike insurance might sound like a bit of a niche category of insurance, but there are actually a huge number of people who ride these sorts of vehicles, and so even within this there are...

Property Insurance
Property insurance is a product that applies specifically to property, and has various different types of specific that are subsets of the general umbrella term 'property insurance'. Specific...