Is cheap home insurance inferior?
No, not necessarily. The type of company specialising in cheap home insurance have honed their operation to make it fast, modern and cost effective to run. Because they do not have large overheads or intensive marketing campaigns to bankroll, these efficiencies can be passed onto the consumer in the form of reduced rates.
Where can I get cheap home insurance?
On this site. Click here to request a free quote.
Is there anything I can do to reduce my quote?
Yes, definitely. Ask. And then state the case why you represent a lower risk. Having an approved burglar alarm or window locks, for example, will earn a discount.
If you have no luck convincing them, ask what you can do to help lower the quote.
I’m over 50, will I be eligible for cheap home insurance?
Yes. You will find the majority of insurance companies offering discounts for the over 50s. Some even have specially-designed home insurance deals for the over 50s.
Why do quotes vary so much?
The home insurance market is extremely competitive and each company is trying to capture its share. To do this, they will often ‘attack’ a particular segment of the market. As a result they are geared up for a particular kind of client and if you don’t fit a company’s customer profile your quote may not be so favourable.
A number of risk factors help determine the price quoted for home insurance. Among these are your postcode and the company’s risk assessment based on past claim levels for your area. If you live somewhere that’s prone to flooding, your premium is likely to be significantly more than a friend who lives in an identical house on much higher ground.
Why is the home insurance market so competitive?
The entry in recent years of more players has forced down prices all round. With banks, building societies and supermarkets all entering the market, consumers have benefited from the healthy competition.
Wouldn’t I be better insuring with that lot on the telly?
A large marketing budget and slick tv advertising does not automatically mean a good deal. Some of the best value deals are from companies without large overheads to support and who have built their reputation on customer service and the best recommendation of all, word of mouth.