Churchill magazine

Top tips for buying cheaper home insurance

Updated on: 23 March 2021

cheaper home insurance

With most insurance companies claiming to offer cheaper home insurance, it’s difficult to know where the real savings are.

Here are our top tips for finding the best deal...

  • Buying buildings and contents insurance together with the same insurer can sometimes work out cheaper than buying seperate policies for each type of cover.
  • Make sure you know the true cost of replacing your home contents as new, to ensure you have sufficient cover.
  • Lowering your risk of getting burgled can lower your insurer's risk of having to pay out for a claim. So, your insurance might cost less if you have a professionally installed and approved burglar alarm, or specific locks fitted to your doors and windows. 
  • Consider a higher voluntary excess. In some circumstances, you may be able to lower the price of your insurance by increasing the amount you would pay towards a claim. Just make sure you can afford the excess in the event of a claim. 
  • Paying upfront instead of monthly installments could also save you money. It might not be a huge amount, but everything adds up.
  • Lots of insurance companies offer optional extras - such as Accidental Damage cover and Personal Possessions cover - which can add up if you include them in your policy. However, although these extras are often really good to have, they're not essential.

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