Property owner should always look out for multi product discounts when purchasing a home insurance policy as they will help then get more savings.
This is a great way of getting more savings on home insurance quotes as some insurance providers will offer homeowners an attractive discount when they purchase another insurance product from them as well such as car insurance, travel insurance and pet insurance products. If policyholders own a car as well then it might be well worth switching your motor insurance policy to the same provider as your house insurance in order to get a 10%. The same also goes for pet owners as well, so it’s worth being aware of these multi product discounts from the insurers as they could get you some big savings when buying all your insurance products from the same supplier.
Homeowners can achieve more savings with these other money saving ideas. Here are a couple for you. Installing a smoke and security alarm within your home does get savings on your quote. Being less risk for fire damage and burglaries will get you a discount. How about increasing the excess on the policy to a higher amount in order to reduce the monthly premium? This can in most cases reduce the cost by as much as 25% but would you rather pay a little less on the monthly premium and more when making and insurance claim? Evaluate which option is the most sensible for you.
Selecting your payment method can depend on whether you get a saving or not. Annual payments are the best way to pay, but if you want to pay monthly by direct debit you could end up paying an additional 30% in interest charges. Not good when you have just been comparing and reviewing policies for the last few hours to get a cheaper priced quote. However, there are one or two insurers who do offer monthly payments at no extra charge. Take a look at our comparison table for more details.
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