Best Cheap Home Insurance Providers

Shopping around for coverage is the greatest method to ensure you have the home insurance coverage you require at the best price.

Our house insurance comparison website allows you to compare quotes from multiple providers in minutes, but we’ve also conducted research to identify the lowest home insurance companies and policies in a variety of scenarios.

We show both annual and monthly premiums. Most insurers charge a greater total premium if you pay monthly. For additional details on how the rankings were created, please check the methodology section below.

Best Cheap Home Insurance Providers

• Policy Expert Bronze and Policy Expert Silver
• M&S Bank
• Swinton Essentials andSwinton Classic

Why is home insurance important?

Whether you own a home or not, home insurance can help you avoid being out of pocket if anything horrible happens, such as a fire, flood, or burglary.

Buildings and contents insurance is intended to compensate for repairs and/or replacement of your property. The former safeguards your home’s structure, which includes the roof, floors, and walls, as well as any permanent fixtures and fittings. Contents insurance covers items such as clothing, furniture, gadgets, jewelry, and other transportable assets.

Buildings insurance is especially crucial if you own a house with a mortgage because you would still be liable for mortgage payments even if your home is destroyed by fire, leaving you with a large obligation to settle and no asset to use as security.

Even if you don’t own your house, contents insurance can help you avoid having to pay to repair or replace your valued possessions if they are damaged or stolen.

Having a suitable house insurance policy can save you hundreds, thousands, or even hundreds of thousands of pounds.

Cost Of Home Insurance By Region In The UK

• London: £180.18
• North Ireland: £171.63
• East England: £141.58
• Wales: £139.51
• Scotland: £135.02
• Yorkshire: £132.22
• North West: £130.7
• East Midlands: £126.72
• South East: £125.93
• South West: £124.3
• West Midlands: £121.81
• North East: £111.11

Expensive items

Regardless of how much contents insurance coverage a policy provides, insurers typically have a limit on how much they will cover per item. This’single-item limit’ is normally between £1,500 and £2,500, so you must disclose any assets worth more than that.

What contents insurance won’t cover

Like any type of insurance policy, contents insurance policies have exclusions. This means the insurer won’t pay out for damage or loss caused by:

• Wear and tear
• Pets
• Theft via unforced entry
• Mechanical/electrical breakdown
• Negligence

Some policies cover incidental damage, such as spilling paint on your carpet, as standard, while others require a premium. It is critical to read the policy wording carefully before purchasing to understand what is and is not covered.

Contents insurance extras

• Legal assistance: Help towards legal proceedings if there’s dispute over a claim
• Home emergency cover: Protection for boiler breakdowns and burst pipes
• Accidental damage: Protection for accidents like smashed electronics or stained soft furnishings
• Personal possessions cover: Cover for valuables that you take outside your home, such as your mobile phone.

New for old

Some insurance provide new-for-old coverage, which replaces stolen, lost, or damaged goods with new ones of comparable value.

Other insurance, on the other hand, accommodate for wear and tear, paying out less over time in exchange for cheaper premiums.

What buildings cover includes (and doesn’t)

Buildings protection protects your home’s ‘bones’, which include the floors, doors, windows, roof, and walls, as well as patios, drains, pipelines, and garages.

Buildings insurance often covers the costs of repairing damage caused by ground movement (subsidence and heave), fire, flooding, storms and earthquakes, frozen and broken pipes, falling trees, lampposts, aerials or satellite dishes, and car or aircraft crashes.

It typically excludes wear and tear (including corrosion and rust), wet rot, dry rot, or frost damage, storm damage to fences and gates, damage caused by insects, birds, rodents, and other pests, and poor craftsmanship.

Six ways to reduce your home insurance premiums

• Shop around: Compare quotes to find the best price for the cover you need using a price comparison service.
  Combine policies: insurance providers offer discounts to policyholders who take both buildings and contents insurance from them.
• Pay annually: Paying monthly is effectively taking a loan from the insurer and paying it back over time with interest. Paying annually means no interest charges.
• Skip extras: Only add policy features you truly need, but be aware that it may cost you more in the long run if you have to pay, for example, legal fees or plumbers’ bills.
• Pay more in excess: Increasing the amount you’re willing to pay in voluntary excess can bring your premiums down, but it ought to be affordable, because you will have to pay it to get any claim started.
• Added security: Installing additional home security equipment such as CCTV cameras, burglar alarms and more robust door locks can bring down your premiums.

Source: Forbes ADVISOR