Tips for reducing home insurance costs

Searching for home insurance that is cheap but provides the necessary cover is very important.  As mentioned many times before in this home insurance guide, always opt for the policy that will cover you adequately and don’t leave yourself short as you have a lot to lose when it involves your house.

Having said that, there are ways in which home insurance costs can be reduced and also still having the right cover for your home.  Below are some pointers that will help in your quest for cheap home insurance with the right protection:

• Security for your home – Fit the latest security features such as alarms and windows locks. Also join neighbourhood watch schemes
• Excess – Pay a higher rate of excess for your home insurance and this will bring down your premium
• Don’t pay by monthly instalments – Paying monthly does cost more as interest is added on so always look to pay the premium in full if you can.
• No claims discount – When comparing home insurance policies check to see which insurers offer no claims discount, you can save up to 25% on your premium
• Fire detection devices – Always fit a smoke alarm or any other smoke detection device. Some insurance policies offer discounts when they find out that a smoke alarm is fitted in the premises being insured
• Get a renewal quote from your existing insurer as a new customer.  You may get a cheaper quote than your renewal notice; seems odd but you got to remember insurance companies want as many people on their books as possible
• Shop around – Don’t always go for the cheapest quote as you may not be covered properly
• Don’t over-insure your home contents - You will end up paying for too much when you really only have little. A good tip is to write everything down in a new-for-old basis.
• Use a comparison website rather than filling out forms on loads of home insurance websites.  The comparison service compares all the home insurance market with one form and it might even make you saving
• By buying a home insurance policy online, you can get up to 15% off
• Move house – Research has shown that moving house can reduce house insurance considerably. Moving away from certain postcodes can really help cut your home insurance premium.  Its worth considering if you are planning to move house, do your research on where the best post codes are to live regarding house insurance

By following the above pointers, we are confident that you will find the cheapest home insurance quote and together get the policy that is best suited to your needs.

Home Insurance Guide
Why is home insurance needed? Explanation of buildings insurance Explanation of contents insurance Home insurance for landlords Where can I apply for home insurance? Tips for reducing home insurance costs Making a home insurance claim	"Searching for home insurance that is cheap but provides the necessary cover is very important"