Skip to content
£ moneyguide
Insurance

How to cut home and contents insurance premiums

Where a link is marked *, it is a partner link — we receive commission at no extra cost to you. Links without a * earn us nothing. How we make money.

Quick answer: Shop around every renewal, increase security (locks, alarms), join a Neighbourhood Watch scheme where insurers offer discounts, avoid accidental damage cover you do not need, and set accurate sums insured — over-insuring wastes money, under-insuring voids claims.

Home insurance renewal is a annual comparison task. Loyalty rarely pays even after FCA pricing reforms — different insurers weight flood risk, occupation and claims history differently.

Before you renew

Update sums insured for extensions, new kitchens and higher-value contents. Recalculate rebuild costs every few years — construction inflation moves faster than CPI.

Legitimate premium cuts

Install approved locks and smoke alarms, raise voluntary excess modestly, and pay annually. Avoid duplicating cover already included in premium bank accounts.

Common questions

Should I use a broker?

Useful for non-standard risks — flood, subsidence history, thatched roofs. Standard homes are fine on comparison sites.

Keep reading

Was this page useful?Stored locally on your device.