Reducing the cost of home insurance

Posted on August 30, 2012 by

Home insurance may seem like just one more cost but it can be one of the most important policies you ever take out – particularly if your house is ever damaged by flooding, fire or severe weather. Luckily, you can often save some money by shopping around. There are plenty of insurance comparisons sites like www.cancancover.co.uk for example that do the hard work for you by comparing prices from 30 different home insurance specialists.

Raising the amount of money you have to pay for a loss before the insurer steps in – is a common way to ease the price of a home insurance policy over the long term. Most insurance firms recommend a deductible of at least £500, but if you can afford to raise this to £1,000, you can cut the amount you pay for cover by as much as 25 per cent. Remember that deductibles may vary depending on where you.

Another way to get cheaper insurance is to buy multiple policies with the same provider. Covering your car and your home with the same company can be beneficial in the long term, as you have one point of contact for all your insurance needs and the company may be willing to offer discounts and better no-claims bonuses.

Of course, something everyone should be doing – and not just to reduce their home insurance costs – is increasing the security of their homes. You can find some really useful tips from Crime Stoppers. Your insurer will look favourably on you fitting burglar alarms, smoke detectors, deadbolt locks and sprinkler systems, but more importantly they could save you and your family from disaster someday.

The economic climate in the UK has seen people making all these changes and more to drive down their outgoings, while seeking the best deals from their house insurance providers to ensure their property is protected at the best price possible.