People with the cheapest car and home insurance bills tend to
shop around for the best deals. If you choose to accept your renewal quote each year, by letting your policy
roll on you're probably paying far more than you
It's wrong to assume that your loyalty will be rewarded as research shows it is usually more expensive to stick with the same
insurer for more than 12 months. Insurers tend to increase their charges
each year for existing customers whilst offering attractive low cost rates
to entice new customers.
The best approach is to
review your cover and shop around on a regular basis. However, not all
of us do this as market
research firm Mintel estimate that 70% of home insurance customers –
around 11.7 million people – obtain only a single quote before
arranging cover. A report commissioned by the Daily Telegraph found that
these consumers are potentially throwing away as much as £180 each a
year by failing to shop around for the best home insurance deals.
choice has never been greater and those of us who take the time to shop
around know it can be extremely worthwhile, as the difference between
the worst and best car insurance quotes can amount to hundreds of pounds! The aim
of this website is to make it easy for you to find the best car
insurance deals. Whether you're an experienced driver looking to cut the
cost of your premium, or seeking cheap car insurance for young drivers,
shopping around can save you money,
but it also encourages you to review your policy requirements to ensure you are sufficiently protected.
You can now insure yourself against almost any
eventuality. There's car insurance, buildings insurance, contents
insurance, life assurance and critical illness insurance. Mortgage
payment protection insurance (MPPI) covers your mortgage repayments
for a period if you are unable to work due to an accident, sickness or
unemployment. Even the family cat appears to have caught the attention
of some insurers, with the growth of pet insurance plans. But, as a
homeowner, certain types of insurance will be more important than
lender will agree to give you a mortgage without buildings insurance.
If you are the freeholder (you own the building and the land that it
stands on), it is your responsibility to arrange this insurance.
property is the lender's security on the loan, so it will
understandably want you to have that property insured against damage
from fire, subsidence or heavy storms. Your lender will usually offer
to sell buildings insurance, but if you do this, you'll be paying
through the nose.
The average customer pays around £200 a year for
buildings insurance, according to the Association of British Insurers
(ABI). Some people are paying the price for apathy and will better off
shopping around. By using the internet you can get cheaper quotes and
save as much as 40 per cent on your premiums.
insurance offers cover on the household goods and possessions inside
your property, including the garden if you have one. Policies offer
cover on a 'new for old' basis, so if anything happens to your
curtains, lawn mower or stereo, you should be able to replace damaged
goods with a new model.
Cash in your home should
be covered from theft or smoke damage, for example, as is accidental
damage to TVs, home computers, or replacement locks and even
possessions damaged outside the home. Extras like accidental damage
cover can be useful protection against DIY disasters.