By Sharon Jones

If you’re a homeowner, then home insurance is an absolute must. Houses aren’t cheap, and you never know what’s going to happen around the corner, so it’s important to protect your investment as best as you can. Depending on the type of policy you have, you should be covered against thefts, fires, natural disasters, and so much more. While this is great, it certainly isn’t cheap, which is why so many people look for ways to make their insurance premium a little less expensive. Since you’re here, I’m assuming you’re one of these people, so here are some ways that you can save money on your home insurance.


  1. Use Comparison Tools

These days, you can find very similar policies for widely varying prices, so it makes sense to do a little bit of research into different insurance providers before settling on one policy. There are lots of price comparison tools and websites online to make this process a lot quicker and easier. However, don’t just buy the policy that is the cheapest; Make sure that it provides good cover too.

  1. Combine Covers

There are plenty of insurance providers that offer combined building a contents insurance policies. Youi is one such provider that offers this, so you might want to look at some Youi news articles to see if they are the provider for you. Getting your insurance from one provider is beneficial as you can often negotiate cheaper premiums.

  1. Increase Your Excess

As a general rule, increasing your voluntary excess decreases your premiums. Therefore, if you know that you’re going to be able to pay a relatively large sum of money if anything happens to your home, it makes sense to pay a little extra then, rather than now, when you might not have the cash.

  1. Reduce The Risks

You can often get a no claims discount on your premiums if you don’t make any claims within a certain period of time. This discount can get rather large, so it makes sense to reduce risks as much as you can. This means installing smoke and burglar alarms, and pipe insulation, and doing everything else you can to reduce the likelihood of you having to make a claim.

  1. Pay Yourself

While we’re talking about preserving your no claims discount, it makes sense to mention paying for repairs yourself; If you have money to pay for repairs yourself, it makes sense to, as this preserves you no claims discount, and stops your premium from rising.

  1. Don’t Pay Monthly

Paying off your premium in small sums month by month might seem like a sensible idea, but it actually costs more money, as providers usually add interest if you chose to pay this way. Always check the small print before signing anything, and consider paying your premium all in one go if there is an interest added.

Home insurance is a necessity, and it doesn’t come cheap. Regardless of this, I hope that the tips above can help you to save at least a little money on your insurance.

     7. Lower Other Insurance Costs

Another great way to save money on your home insurance is to do an insurance audit and make sure you are getting the most affordable rates on all of your other types of insurance, you can use tools like this life insurance calculator to make sure you have the right amount of coverage and then shop for lower rates.  Since auto insurance rates increase almost every 6 months, you can check to see if you can get a better rate at another company, or get better coverage for the same price at another company.  Lowering your other insurance costs is a great way to add more value and save money on your home insurance.

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