UK Home Insurance Money Saving Tips

The following tips are general non-specific saving tips which do not pertain to the pricing patterns of any particular insurance company in the UK. Rather they are general tips which may help in reducing the overall premium you pay for your policy.

The higher the excess you're willing to pay the lower your annual home insurance policy may be. By voluntarily willing to pay a greater excess in the event of a claim you can significantly lower your home insurance premium.

A safer house is less likely to suffer from theft or damage and is, therefore at a lower risk, which puts you in stronger bargaining position to obtain lower premiums.

Neighbourhood watch schemes, smoke alarms, burglar alarms and gates can all contribute towards a safer house and lower home insurance premiums.

Always ensure that all your policy details are up-to-date. Remember every year between policies the value of your possessions will change and therefore the amount your insurance policy should cover you for will also vary.

You may wish to include any new major purchases you have made into your current policy.

Likewise if you sold or passed on any expensive items over the year, remember to deduct these from your insurance policy to lower the premium you pay.

If you have a history of no-claims then you may be eligible for a discount from your home insurance provider.

Think seriously about ensuring your property for the rebuilding costs of your house and not the market value. The market value will be far in excess of the actual cost to rebuild the property and as such could lead to you paying unnecessarily high premiums.