Simple But Effective Ways To Keep Your Home Insurance Premiums Low

As a homeowner, you’ll already understand the importance of having home insurance. Having cover for your property and the contents inside will give you total peace of mind knowing that in the event of a burglary, fire, flood, personal liability, damage to your possessions or some other disaster you’ll be able to get your life back on track as quickly as possible. 

But, we’re all tightening our belts at the moment, and many of us are struggling to justify the cost of home insurance amid the cost of living crisis. While it’s true that the premiums associated with home insurance can be high, there are plenty of ways you can reduce your monthly payments and still enjoy total peace of mind and protection should the worst happen. In this post, we’ll explore some simple but effective ways to keep your home insurance premiums low.

Shop Around

We all know the importance of comparing cheap home insurances but the number of people who simply renew their old policy or go with what appears to be (at first glance) the cheapest option will astound you. Comparing providers is a great place to begin, however, it’s important to use a comparison site that compares a large number of providers as this will give you a bigger look at the market, providing you with more options to save.

Pay Annually

Did you know that there could be a significant difference between paying your home insurance annually when compared to monthly payments? Yes, a monthly payment means you can spread the cost, but if paying it all in one go means a cheaper price, surely it’s worth taking advantage of!

Combine Your Policies

Did you know that most buildings and contents insurance policies are sold separately? Not only does this mean you could be paying more for your cover, but in the event of a claim you’ll have a real headache trying to liaise with both providers when all you want to do is get things back to normal. Consider combining your policies to save money and stress!

Increase Your Excess

Yes, increasing your excess means you’ll have to pay more in the event of a claim, but this could significantly reduce the cost of your premiums, so it’s worth looking into.

Increase The Security In Your Home

Keeping your home safe and secure will also keep your premiums down. There are multiple ways you can do this – and don’t worry, it doesn’t require you to turn your home into Fort Knox. 

  • Install Security Lighting: Motion sensor lighting, lights in your garden and keeping your outdoor space well-lit will not only deter burglars but also keep your premiums down
  • Use A Safe: Keeping your most valuable possessions, such as family heirlooms, jewellery etc in a safe will also deter thieves and keep costs down
  • Install Alarms: Updating your alarm system as well as installing smoke detectors will help keep you and your family safe, and more money in your wallet

Home insurance is essential, but it doesn’t have to cost the earth. Consider these tips above to keep your premiums down and save yourself a little money

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