Getting the best home insurance quote
It's probably safe to say that all of us are looking for the cheapest cover we can find for our
home insurance. Admittedly, there is the old adage that 'you only get what you pay for' but
even so, no of us want to pay any more than we have to.
There are ways to help reduce the cost of home insurance. One such way is to avoid paying by
instalments. The vast majority of insurance companies will add a charge for doing so which could
reach as high as 30% of your quoted premium. Now it may be that instalments prove to make your
life easier, but its well worth your time calculating exactly what the charge will be on top of
the premium as this may cause you to think twice about instalments.
Another way to possible lower your insurance is to buy your buildings and contents insurance
separately. Admittedly this doesn't always work as some home insurance companies will offer
discount for buying both buildings and contents cover together but you'd be surprised the number
of people who do save money by taking that extra bit of time to find for sure which is the
cheapest way of buying your insurance.
It goes without saying that if don't have adequate security in your household then an insurance
company is lightly to increase the premium they offer you as there is a greater risk of them
having to pay out for a claim. The types of locks you have on your windows and doors, whether
you have a fully operational burglar alarm or even being in a neighbourhood watch area will
all make a difference to the cost of your insurance quote and many offer discount as standard
for good security in the home. Of course if you need more persuasion about increasing the
security in your home, feel free to ask someone who has suffered a break-in how they felt
about the matter. Their response should be more than enough to tip the scales in increasing
your home security.
One safe bet to lowering the cost of your home insurance quote is to increase your excess.
An excess is the cost you pay towards any claim you may make. The more you are prepared to
pay towards any claim, the cheaper an insurance company will charge you for a policy, as
their potential outgoings are reduced. There is always the possibility that you may have to
pay out on your increased excess should you have to make a claim but then there is no
guarantee that you will need to make a claim so although saving is there, it's entirely your
choice if the risk outweighs the gain.
Finally, there is no better way of finding the right home insurance for you than being
able to compare the prices and cover that's available to you. The two most obvious ways to
do this would be to either go to twenty or thirty different insurance companies handing
over your details repeatedly and noting all the prices, cover and policy details that
are offered to you. Or by using an aggregator such as Gocompare.com in order to compare
many different home insurance policies in one go. That way you can see who offers you
what policy cover for the cheapest price.
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Given the range of policies on offer by home insurance companies out there it would be
wise to have a clear idea of the costs of everything you want to insure and be able to
compare a number of home insurance companies. As the policies offered in the market
can vary in cover, here are some topics that you should check are right for you before
you look to make any purchase:
- Additional areas of protection included as standard or optional extras - e.g. Accidental Damage or Home Emergency Cover
- Excess amount
- Specified amount or limits of buildings cover protection
- Specified amount or limits of contents cover protection
- Specified single articles amount
Most policies cover loss or damage to your possessions while in your home caused by risks
such as fire, theft, and flooding.
Some policies include accidental breakage of mirrors and glass tops and may also cover
accidental damage to television, home computers, video and audio equipment. For the most
part though if the cover is not offered as standard then more than likely the home insurance
company will have an extra cover or ancillary to offer for a fee, which will include the
cover you're looking for.
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