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People with the cheapest car and home insurance bills tend to
shop around for the best deals. For those choosing to accept their renewal quote each year, by letting your policy
roll on you're probably paying far more than you
need to.
Research shows it is usually more expensive to stick with the same
insurer for more than 12 months because there are always insurers
offering attractive low cost rates in order to entice new customers. Consumer
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 best and worst insurance quotes can amount to hundreds of pounds! The aim
of this website is to make it easy for you to locate the top deals and
find the cheapest insurance for your needs.
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
others.
No
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. Your
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.
Home contents
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.
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