Home insurance offers you financial protection against things such as fire and theft. With different types of policies offering different levels of protection it can become difficult knowing what cover you need whilst getting value for money.

If you want to save money on home insurance there are a number of things you could try. It is important to remember that the cheapest insurance might not be the best policy for you, however you can often save money without having to compromise on the cover you need. 

Compare Home Insurance 

One thing you can try is to shop around for quotes, using price comparison tools you can quickly compare home insurance prices. Even if you are happy with your current insurance provider it is a good idea to monitor other insurance providers prices that way you will be able to quickly notice if you can find a better price. 

Before you even begin comparing home insurance prices it is important you have a clear outline of the cover you need this way you won’t waste time looking at policies that will not cover you for what you want. 

If you do have a mortgage your provider may offer you a home insurance policy that you can take out with your loan. You do not have to accept this so do not feel pressured into choosing this option. Despite mortgage lenders encouraging this there are usually cheaper deals available. 

 Don’t pay for cover that you do not need

When you are applying for any type of insurance you will be offered a wide range of extras and home insurance is no different. These can include accidental damage, legal expenses, garden or bicycle cover, and home emergency cover. 

Whilst these policies can offer some benefits and some insurers offer these as a standard, others could charge you to add these one. Therefore, ensure you only have the things you need, this will help keep the overall cost down. 

Avoid over-insuring your home

When purchasing a home insurance policy you will need to make sure that you get high enough cover limits for your property and the contents within it. However, if you have too much you will then be paying more than necessary. 

To make sure you only pay for the cover you need you should value all of your contents and also the rebuild value of your home. 

When applying for a policy aim to match cover as closely as possible to these amounts.

Increase your home insurance excess

The insurance excess on a policy is the amount of money you have to pay towards any claim you make. By increasing the excess on your insurance policy you could receive a cheaper premium in return. 

It is important to remember that the amount you state is the amount you will need to pay in the event of a claim so make sure it is an affordable amount. 

Secure your home

As expected the more secure your home is the lower the chances of theft meaning that some insurers will offer you a cheaper insurance price for the more secure your home is. 

Installing burglar alarms can reduce your premiums if the model you have is approved by the insurer. Some policies will insist that the alarm stays on at all times and your claim could be rejected if you are burgled when it is turned off. 

Another way to secure your home is checking that all your external doors and windows have the correct locks. Some insurers will specify what type of locks your home needs to have, ensure to check policy documents to make sure you have the correct ones. 

At Compare For Cancer, this home insurance price comparison is quick and easy to use. We can compare quotes from over 40 UK home insurance providers. Plus all our profits will be donated to cancer charities across the UK. Click here to find out more!