Discount Home Insurance

The way we buy home insurance is changing. With the advent of online price comparison, the power is now in the hands of the policyholder and shopping around is seen as the sensible option for cash-conscious consumer. Discount home insurance is possible, although there is a very important distinction to be made between receiving discounted rates on a comprehensive home insurance policy and getting a discount home insurance policy that actually doesn’t provide you with sufficient cover. Your house and possessions are valuable, so make sure that you make the savings correctly and don’t just cut corners.

There are a number of ways in which you can find discount home insurance the right way. You can see a list of these methods below. Avoid trying to discount home insurance by simply removing cover from your policy for protection of 'extras' such as fixtures and fittings and garden furniture, or by removing water damage and other occurrences that you feel are much less likely. If you had to replace your kitchen cabinets because of a gas explosion, or a water boiler leaked in your attic, you would then have to cover the costs of repair and replacement and these costs would far outweigh anything you had saved on your home insurance.

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Ways to get Discount Home Insurance

• Don't always buy your home insurance from the lender.  Unless it specifically states in your mortgage key facts document that you need to take the lender’s insurance, you are free to find a cheaper policy that offers you what you want, so make sure you shop around for a discount home insurance policy.
• Buy combined buildings and contents cover.  Most of the larger insurers will offer discount home insurance rates if you buy their buildings and contents cover at the same time. 
  
• Consider an excess on your home insurance policy. If you have savings available that you would be prepared to use in the event of a claim, you can choose a voluntary excess in addition to the standard one on your policy and discount your home insurance significantly.
• Pay your annual premium in full. If you are in a position to pay the full annual cost of your premium at the start of your policy, this is a good way to get a discount home insurance policy with a genuine saving. 
  
• Keep your house safe and secure. A good way to get discount home insurance and get the best value for your household spending at the same time is to invest in British Standard locks, bolts and other appliances showing the kitemark of safety and quality approval.