Protect your home and possessions from as little as £180 a year
Home insurance protects you from things like fire damage to your home, or theft of your belongings. It'll pay out to replace your property or repair your house if something unexpected happens.
It comes in two parts – buildings insurance and contents insurance – which can be bought individually or together as a single policy.
Buildings insurance covers damages to the structure of your home and its permanent fixtures and fittings. This includes things like your windows, flooring, walls and roofs. Garages, sheds and fences may be covered too.
It'll cover you for unexpected damages like fire, storms and floods, but not for damages caused by poor workmanship or general wear and tear.
Contents insurance covers you for the loss, damage, or theft of your personal possessions and valuables. This includes things like your electricals, appliances, furniture and jewellery.
Individual items are only covered up to a certain amount. You'll see this called a 'single item limit', and it's usually £1,000. If you have possessions worth more than the single item limit, list them separately on your policy.
A combined buildings and contents insurance policy covers the structure of your home and your belongings.
If you need both, then taking out one policy with the same provider usually works out cheaper.
It can make things simpler if you need to make a claim too. For example, if there’s a fire it’ll be far easier reporting it all to one insurer instead of two.
If you need something more specific than standard buildings and contents insurance, there are plenty of different types of home insurance available.
Renters insurance is home contents insurance, but for tenants. Renters don’t need buildings insurance – that’s the landlord’s responsibility.
If you let a property, you’ll need the right insurance to look after the occupiers of the property - and the building itself.
If your property is left unoccupied for an extended period of time, you may need specialist unoccupied home cover..
Shopping around for quotes every year isn't the only way to save.
Our home insurance expert, Ryan Fulthorpe, has five more tips that could help keep costs down:
Get insurer-approved locks for your home, as well as smoke and burglar alarm systems
Check for hidden expenses on home insurance. A more expensive policy could work out cheaper when admin fees are factored in
Overestimating the value of your contents and the rebuild cost of your home will increase your premium. But if you're in any doubt, it's better to overestimate than underestimate
You'll be offered a variety of optional extras when you apply for home insurance. Remember the best home insurance policy for you is one that offers the cover you need at an affordable price
With monthly payments, you'll have to pay interest and sometimes a finance arrangement fee, so it'll be more expensive
The average price paid by our customers for a combined home insurance policy is just under £180 a year.*
Individual cover is cheaper, but you won’t get the same amount of cover as you would with a combined policy.
Your own quotes will depend on how likely the insurer thinks you are to make a claim, the value of your building or contents and the level of cover you choose.
Insurers use a whole host of factors to price your insurance - home security, risk of flooding and subsidence could all increase or decrease the cost.
*The average price paid for home insurance annually through GoCompare in March 2021, by type.
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You can add upgrades to your home insurance policy if you need them. You’ll have to pay extra for them, so think about whether they’re worth the extra cost.
This'll cover you for claims due to accidents in the home like a spilt glass of wine on a rug or a smashed window. Damage caused by children is usually included, but rarely pets and amateur DIY.
This’ll protect you against things like boiler breakdowns, electrical failure and blocked drains. It’ll cover the cost of calling out an approved tradesman to get your services up and running again, as well as any replacement parts needed.
Help for the costs of being sued and/or making a claim against someone else. Personal injury claims and property disputes with neighbours are times you may need to use it.
Standard contents insurance will only cover your items while they’re in your house. If you want cover when you're away from home, you’ll need personal belongings insurance.
Home insurance isn’t compulsory, but it’s a good idea to have some protection in place. Think about whether you could afford to replace your home or possessions if something happened.
If you have a mortgage, your mortgage provider will insist on having buildings insurance as a condition of the loan.
Insuring your belongings is a more personal decision. Again, you’d have to find the money to replace your things if something happened and you didn’t have contents insurance.
If you rent your property, you won’t need buildings insurance - that's your landlord's responsibility.
You can buy home insurance up to 29 days before you want the policy to start.
But our research shows that the later you leave it, the more you’re likely to end up paying.
The cheapest time to buy your next buildings and contents insurance policy is 26 days before your existing policy ends.
It’ll cost around 15% less than it would to buy it the day before your existing policy renews.
Each provider will list their own exclusions in the policy documents, but most will exclude:
You can, but you’ll need to tell the insurer about any building work or home renovations that are underway or planned to take place during the policy period. Insurers need to know about:
If you don’t tell your insurer about structural building works, and something goes wrong, it’s very unlikely your insurer will help you with any of the costs, and your policy could be invalidated.
You don’t need to tell them about simpler refurbishment works, though. Things like redecorating or fitting a new bathroom or kitchen are fine to do without telling your insurer.
Insurance for properties with subsidence history can be difficult to find, so you’ll likely need to go with a specialist provider. Most policies will cover loss and damage caused by subsidence, however, they may not cover the cost of preventing further subsidence from occurring.
If your home is at high risk of flooding, it's worth looking into flood insurance. Flood Re may be able to help you find affordable home insurance, even if there’s significant risk of flooding.
Page last reviewed: 08 Septrember 2021
Next review due: 08 December 2021
The average price paid for home insurance annually through GoCompare in March 2021, by type.
Based on Trustpilot: Our average rating of 4.7 out of 5 is from 915 people who left a review for home insurance comparison only. Last checked 07 September 2021.
As of June 2021, there are 68 active home insurers on the panel at GoCompare
Average of the cheapest annual buildings and contents insurance quote returned from all customers quoting between 1 January 2021 and 31 March 2021 through GoCompare.
^Based on independent research by Consumer Intelligence during 1 February 2021 to 28 February 2021: 51% of consumers could achieve a saving of up to £104.90 with GoCompare buildings and contents insurance based on a comparison of 37 companies.