Compare contents insurance
Compare quotes and you could save up to £24[1] a year
What’s contents insurance?
Home insurance is made of contents insurance, buildings insurance, or both. Contents insurance protects your possessions. It'll pay out to replace your household items if they're stolen, or damaged by an event like a fire or a flood.
Contents insurance is different to buildings insurance, which only protects the structure of your home. Buildings insurance doesn't cover the contents inside.
You can buy contents insurance as an individual policy, or with buildings insurance as a combined policy.
What does contents insurance cover?
The items you’d take with you when you move to a new house are usually covered by contents insurance. Any single item worth more than £1,000 probably won’t be covered unless you list it separately on your policy.
Cover may vary, but many contents insurance policies include cover for:
Furniture
Items such as sofas, beds, cabinets, tables and chairs. It’ll also cover any soft furnishings, lamps, art and ornaments too.
Gadgets and electricals
TVs and laptops are some of the most expensive items we own, so it’s important to get them covered.
Kitchen appliances
Kitchen appliances like washing machines and fridge freezers are covered for damage, theft or loss. They won’t be covered for mechanical breakdown or wear and tear, though.
Clothing and jewellery
If your clothes or jewellery are lost in an event like a fire or flood, or they’re stolen, contents insurance will cover the cost of replacing them. Again, wear and tear isn’t covered.
Items in gardens and outbuildings
Many insurers cover items stored in a garden, shed or garage if they’re within the boundary of your property. You’ll still need to make sure they’re stored safely, for example by padlocking your shed.
Alternative accommodation
Covers the cost of temporary accommodation if your home becomes uninhabitable.
Business equipment
Covers home office equipment like computers and printers. Business stock isn’t usually covered.
Cash and credit cards
Cash kept in your home will often be covered for theft or damage up to limit, usually of around £500. Some policies also cover fraudulent use of your credit cards if they’re stolen from your home.
Freezer contents
If your fridge or freezer breaks down, the costs of replacing the contents inside are covered.
Digital information
Limited cover for the replacement of digital information following loss or damage to laptops or phones.
How to get contents insurance quotes
When you’re looking for quotes with us, we’ll ask for details about your home and your possessions including:
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The value of your contents
Estimate the total value of the items in your home. Remember to include the contents in your attic, garden, garage, shed and freezer.
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High-value items
Details about any individual items worth around £1,000 or more that you want to cover. The value of items needing individual cover varies from one insurer to another and can be quite a lot lower for things like laptops or bicycles.
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Additional cover
Whether you want cover for accidental damage and away from home cover for items like mobiles, bicycles and laptops.
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Previous claims
Details of any home insurance claims made in the last five years
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Property details
The type of property you live in, what it’s made of and the types of locks and alarms installed.
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Personal details
Your name, address, who you live and when you’re usually home.
How much is contents insurance?
Your premium could cost as little as £50 a year. [2]
But we found that the average price people people paid for contents-only cover is just over £78 a year.*
Insurers calculate your home insurance premium based on many risk factors that determine how likely you are to claim.
How much you'll actually pay will depend on your own circumstances. Things like the value of your items, previous claims and your location all affect the price of your contents insurance.
[2]25% of customers were quoted annual contents only insurance premiums of £50.50 or less with GoCompare (1 Jun 2020 to 30 Sep 2020)
How to get cheaper quotes for contents insurance
There are always things you can do to keep your premiums down:
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Pay annually rather than monthly
Monthly payment plans have added interest which raises the price of your policy.
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Avoid auto renewing
Those who renew with their current insurer, almost always pay more for their insurance than those who switch.[5]
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Only pay for what you need
Use a contents calculator to figure out how much you need to insure your stuff for.
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Improve your home security
Burglar alarms, the right locks and safes can all help.
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Watch out for admin charges
Renewal, adjustment and cancellation fees can all drive up the overall cost your insurance.
Covid-19 and contents insurance: Don’t get complacent with your cover
“With people staying at home to stop the spread of coronavirus, some might think they don’t need insurance against theft because their home isn’t left unoccupied, nor are they out and about with their possessions.”
“While the risk of theft may be reduced, more time spent at home increases other risks such as accidental damage to property. So, it’s important to take time to consider how you would afford to replace your belongings or repair damage to your property if you were faced with a household disaster.”
Lee Griffin – Founder and CEO of GoCompare
Contents insurance FAQs
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What risks does contents insurance cover?
Contents insurance covers your possessions from unexpected damages that aren’t caused by negligence. Most policies include cover for damage or loss by:
- Fire
- Flooding or storms
- Theft
- Explosion or lightning
- Water escaping from burst pipes
- Vandalism
- Subsidence or heave
- Falling trees or branches
You should always check your policy's terms and conditions. You’ll find full details of what’s covered and the exclusions.
It doesn’t usually cover damage due to general wear and tear, faulty workmanship, or pets. It won’t cover damage that happens while your home is unoccupied for over 30 consecutive days either.
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How much contents insurance do I need?
Your insurer will want to know the cost of replacing the entire contents of your home as new. That figure is for something catastrophic happening – like a fire or flood.
It can feel a bit overwhelming having to put a price on everything you own. To help you work it out, on average, households in the UK have £35,000 worth of possessions, according to the Money Advice Service.
Most insurers will offer you around £40,000 as a starting point. If you think you need more than this, you can increase it. It’ll probably increase your premium prices though, so make sure you don’t over-insure yourself.
If you need to, you can use our contents calculator. It’ll help you look out for items you might’ve missed.
For anything worth more than £1,000, you’ll need to leave it out of this figure and list it separately. That’s because insurers usually apply a single article limit. It’s the maximum they’re willing to pay out for any one item. Single article limits vary between insurers, and sometimes based on the type of item. Check policy documents to be sure.
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Does contents insurance cover accidental damage?
Cover for accidents like spilling a glass of wine on a rug or breaking a vase isn’t usually included as standard. If not, you can usually add it to your policy for a fee.
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What's a single article limit?
A ‘single article limit’ on your contents insurance policy is a cap on the maximum you can claim per item.
The limit is usually around £1,000 but can vary depending on who your provider is.
You must declare items that exceed the single article limit, such as jewellery, gadgets, art and antiques. You can do this when you compare contents insurance with us.
The cost of your contents insurance is likely to increase if you add items to your policy that exceed the single article limit.
It can sometimes be better to insure your valuables on a separate, specialist policy, such as a jewellery insurance policy. This way you can keep the cost of your contents insurance down and have the right protection in place for your valuables.
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What’s personal possessions cover?
Personal possessions cover, also known as away from home cover, protects your possessions for loss or damage when you’re outside of your home. It’s for things like your mobile, jewellery and bikes. Anything worth more than £1,000 will need to be listed separately though. It won’t be covered by personal possessions cover.
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What does new for old mean?
Most policies cover the cost of replacing your possessions on a new-for-old basis. This means your insurer will pay out for the cost of replacing a damaged item as if it were new.
Indemnity, or 'wear and tear', policies insure your possessions for their value after depreciation. This may mean that the premium on an indemnity policy is cheaper.
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Are bicycles and mobile phones covered?
You can cover items like bicycles and mobile phones with home contents insurance. But you won’t be covered for damages or theft that occur outside the home, unless you choose away from home cover.
If your item is worth more than the single article limit, you’ll need to list it with your insurer as a separate item too.
If you only need to insure these items, you could buy individual bicycle or phone insurance instead. Sometimes it works out cheaper, and the cover can be more comprehensive than you’d get as part of home insurance.
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I’ve bought a new item, will it be covered by my existing policy?
New items over the single article limit will need to be declared with your insurer if you want them covered for their full amount.
If the item is below the limit, you won’t need to declare it. Keep in mind you’ll have a maximum cover amount, say £40,000. If the item you’ve bought pushes you over this amount and you need to make a claim, you won’t be able to claim for more than £40,000 worth of contents in total.
Your insurer may also ‘apply average’. This is where they only pay out a proportion because you’ve under-insured. For example, your possessions are worth £60,000 but you insure them for £40,000. Half your possessions are lost in a flood, with a value of £30,000. The insurer could only pay out £20,000 – because that’s half your insured amount.
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I'm a student, do I need insurance for my possessions?
Student living arrangements can be somewhat unique, but if you're living in rented accommodation away from home you may be able to find the cover you need.
If you're sharing and/or living in a hall of residence, you may need to think about a dedicated student insurance policy. You might find less insurers are willing to offer you a quote, particularly if you live in shared accommodation.
Even if you're not a student, but live in a shared house, things can be a little more complicated. Some insurers refuse cover for shared accommodation. Others add extra exclusions, especially if bedrooms don't have their own locks.
Always be upfront about your living arrangements with insurers. If you’re not, and you need to make a claim, your policy could be invalidated. That means the insurer won’t pay out.
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Do I need proof of valuation and ownership for high value items?
For valuable items, you might need to give your insurer a valuation certificate, or a receipt for proof you’ve bought it. Some insurers ask for them when you buy a policy, others might ask for them if you make a claim.
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Can I get short-term contents cover?
Home contents insurance policies last one year. It’s possible to buy temporary property insurance to cover your possessions while you're away if your home is empty for a short period of time.
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Will contents insurance cover my possessions when moving to a new house?
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Are matching sets covered?
Out of 405 contents insurance policies on Defaqto, 61% had no cover for matching sets and a further 24% had restricted cover, or it didn’t apply to all areas of the policy.[9] Not all insurers offer matching set insurance, so if it’s something you need, check the policy details for cover before you buy.
Looking for something else?
Tenants insurance
If you’re renting a property your building may be covered by your landlord’s insurance, but your contents won’t.
Insurance for flats
If you’re renting a flat, you may only need insurance for your contents. If you own the flat you may be responsible for arranging buildings insurance too.
Student contents insurance
Specially designed to cover the sort of items students own like gadgets, books, clothes and bicycles.
Landlord insurance
If you’re letting a furnished property, you’ll want to insure the contents inside. Your tenant’s contents insurance won’t cover any items you own.
Gadget insurance
Theft, damage and mechanical breakdown cover for expensive gadgets like laptops, cameras, tablets and more.
Jewellery and valuables insurance
Items of jewellery, art or antiques won’t be covered by contents insurance if they’re worth over £1,500. Specialist valuables cover will insure them for their full value.
Mobile phone insurance
Extensive cover for mobile phones and accessories. Will cover loss, theft, accidental damage and mechanical breakdown.
See also
*The average price paid for home insurance annually through GoCompare in October 2020, by type. For buildings and contents insurance, it was £174.63. For buildings insurance only, it was £121.33. For contents insurance only, it was £78.03.
[1]51% of customers who provided their contents only insurance renewal price saved up to £24.52 with GoCompare (1 Jun to 30 Sep).
[4]52% of customers were quoted a monthly contents instalment amount of £6.29 or less with GoCompare (1 Jun 2020 to 30 Sep 2020).
[5]Sector Views 2020. Financial Conduct Authority.
[6]Cost of home contents insurance falls to a record low in February 2019, yet one in four UK households are uninsured. ABI.org.uk.
[7]As of February 2021, there are 65 active home insurers on the panel at GoCompare.
Page last reviewed: 18 January 2021
Next review due: 15 March 2021