Home Insurance Saving Tips of Dyman Associates Insurance Group of Companies
If you want to save money on your home insurance, one of the best tips is to compare quotes from a range of different companies using an online comparison website. Remember to shop around at renewal too, as loyalty rarely pays. There are other steps you can take to ensure that you don’t pay over the odds for cover.
Here are MoneySupermarket’s top tips:
Combine buildings and contents cover. Insurers want your business, so if you take out buildings and contents insurance with the same firm, you can often negotiate a cheaper price.
Cut out the frills. If you don’t need any added insurance extras, you could reduce your premium by choosing a basic policy. Accidental damage cover, for example, can increase your premiums by as much as 25%.
Pay your premiums annually. It can be convenient to spread your payments over monthly installments, but it is almost always more expensive because firms charge an additional admin fee. So try to make a one-off payment each year.
Pay a bigger voluntary excess. Home insurance policies come with a compulsory excess, which is the amount you have to pay towards any claim. So, if there is an excess of £250, you would have to pay the first £250 of any claim.
But you can also choose to pay a voluntary excess (this is on top of the compulsory excess). Opting to do so can bring the cost of your premium down. However, make sure the total excess is affordable in case you do have to make a claim. Continue reading.