Top tips for cheaper home insurance

Use our money-saving tips to find the right policy and cut the cost of your premiums.

Ryan Fulthorpe

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Save when you buy

Try not to go for the cheapest deal as it might not give you the cover you need.

Work out how much you’ll be paying in the long term to make the biggest savings.

Key points

  • Shop around for the right cover every year and avoid falling into the auto-renewal trap
  • Try to pay annually and - if you need both - to compare combined buildings and contents insurance, as well as standalone policies to get the right cover
  • Only pay for the cover you need, and take care with packaged add-ons

Pay annually

Paying monthly is almost always more expensive than paying for your home insurance up front with one lump sum.

Buy buildings and contents insurance together 

If you need both, you can save by buying buildings insurance and contents insurance together.

Dealing with just one insurer will also be more convenient.

Increase your voluntary excess

Voluntary excess is the amount you agree to pay towards a claim in addition to the compulsory excess set by your insurer.

If you choose to pay a higher amount of voluntary excess when you take out home insurance, you might get a cheaper premium.

Always make sure that you set the voluntary excess at a sum you'd be able to afford if you needed to make a claim though.

Only pay for what you need

Getting the cost of your home rebuild value and contents cover right will mean you won’t over-insure or under-insure your things.

You can use our contents calculator to work out the value of your possessions.

If you buy a packaged product, you might have cover thrown in that you don’t need – you'll end up paying more for these so remove them if they’re not needed.

No-claims discount

If you don't make a claim on your policy, you can build up a no-claims discount when it comes to renewal.

Avoiding incidents can be key to keeping your home insurance cheap year after year.

If you're thinking about making a small insurance claim, see if you’re able to pay it yourself first to preserve your no-claims discount.

Look out for admin charges

Admin charges are easy to miss when you buy your policy.

If, for example, you move house, your insurer might charge you to change the address.

It’s worth looking at these charges – paying £5 or £10 more for insurance with reasonable admin fees might save you much more in the long run.

Use our contents calculator to get the right price for your insurance

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Taking care of your home

Keeping your home in good condition can bring your insurance premiums down.

Improve your home security

Your insurer will want to know whether you’ve got adequate security on your property.

Things they might consider are:

  • Approved locks on external doors
  • Key-operated locks on windows
  • Installation of a working burglar alarm
  • Security lighting
  • Time-switch lights for when the property is unoccupied overnight

If you’re thinking about installing more security, check with your insurer for approved brands and devices.

Work out whether the cost of the equipment will outweigh the saving you’ll make on your premiums.

Protect against house fires

Fit at least one smoke alarm on each floor of your home – as well as being a valuable safety precaution, it’ll bring your premiums down.

Your insurer might ask if you’re a smoker but don’t lie to get cheaper rates – it could invalidate any claims you make.

Maintain your home

Think about potential weather damage and how to avoid it, so loose roof tiles, broken guttering and the condition of your windows won’t cause you problems.

Burst pipes could be a problem in the cold weather but insulating them could reduce your chance of having to make a claim.

Trees and other foliage can cause significant damage to property, so keep them maintained, or chop them down (provided they're not protected by a Tree Preservation Order) if they become too much of a problem.

If you are considering home improvements, remember that you may need to contact your insurer before work begins and you should think about reassessing your cover levels when the job is complete.

Work out how much your house rebuild costs will be by following our guide

House rebuilds

Other ways to save

If you live in an area that's covered by a Neighbourhood Watch scheme, you might qualify for a discount on your home insurance.

Avoid business use of home

If you work from home on anything other than an occasional basis, you'll need to let your insurer know.

You might have to pay more for your cover.

Think about who you live with

Other people living under your roof can have an impact on the premium you pay.

If, for example, a resident has a criminal record, it can push up the cost of your policy.

Think about where you live

Where you live will be a major determining factor in the price you pay for a policy.

This could be for any number of reasons including:

Call a few different insurers and see if you can haggle the price down – you could get your home insurance even cheaper that way

Ryan Fulthorpe, GoCompare’s home insurance expert

Never auto-renew

Letting your insurance auto-renew can be pricey.

Insurers will gradually push your premiums up while the cheap offers are given to new customers.

Compare policies annually to make sure you’re getting a great deal.

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