Your property is likely your greatest, most valuable asset. As such, you are going to want to protect it, and all the hard work you have put into obtaining it. The most effective way to protect your home is to invest in home insurance. This ensures that if something happens to the property such as vandalism, fire, or flooding, you can protect your wallet from needing to fork out the cost of repairs or loss.
However, home insurance can be an expensive endeavour. So, you may be wondering where you can find the cheapest home insurance. Unfortunately, we cannot name you an insurance provider or policy that is the cheapest. Because no single policy will be the cheapest for every home owner. Every property, and every homeowner has different needs, values and budgets.
How Can I Find Cheap Home Insurance?
Compare!
One of the best ways to find the cheapest home insurance available to you is to compare. Jump on Money Compare and leverage our user-friendly comparison tool to compare different home insurance policies. Compare policies side-by-side and select filters such as hidden gradual damage, key and locks and temporary accommodation so that you can find the policy that matches your home insurance requirements, and find the best deal. When you compare, you empower yourself to unlock savings by having all the information available. Therefore, you are more likely to find the best value deal for your needs, and therefore, avoid paying more than you need. Compare and find the cheapest home insurance to protect your home and wallet.
Consider Excess
If you choose a higher excess, you can lower your home insurance premiums. Remember, excess is the amount of money you choose to pay – when you purchase your insurance – in the event you need to claim your insurance. So, if your house is damaged, you will pay this excess in order to have your claim processed. The higher your excess, the lower your premium will be. This can be a great way to lower your regular home insurance. But just note that you’ll need to pay this excess if something happens to your property.
Pay Annually
You can typically get a lower premium when you pay annually. Generally, insurance providers will offer discounts to those who pay annually rather than monthly. This is a great way to save money month to month, and over the course of a year on your home insurance.
No Claims Discount
It’s always a good idea to ask if your insurance provider offers no claims discount. This means you may be able to receive a discount if you have never claimed home insurance before.
Still Need Help?
Here at Money Compare, we have a range of resources to help you make a fully informed choice about your home insurance. If you would like some help, we can help get you in touch with a fully qualified insurance advisor for free, who can help answer any questions you have and help you find the right policy for your unique needs and budget.
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