Ever wondered how much you should pay for home insurance and what the average premium costs? Well now you can find out.
The AA British Insurance Premium Index has revealed that the average cost of a combined buildings and contents home insurance policy stands at £292.54 based on averaging premiums quoted by 75 different insurers from a basket of 750 customers.
However, while this may be the average price quoted, what is important for consumers when evaluating how much home insurance should cost is that this figure does not represent the cheapest quote for these customers.
Among customers that shop around for home insurance, the average premium for a combined buildings and contents insurance policy is actually cut to just £189.32 - that's more than £100 less than the overall average.
So if you're wondering how much home insurance costs, the answer is that it will cost a lot more if you're not savvy about how you shop for home insurance.
Simply calling up one insurer, even if you have a recommendation or you have used the provider in the past, is not enough. The home insurance market is actively competitive now as insurers bid to attract new custom and failing to take advantage of these offers is only costing you cash.
Where home insurers offer their cheapest deals is online where they save money on overheads and often offer discounts in the region of 10 per cent just for opening a policy on the internet.
However, if you really want to make savings you must compare as many quotes as possible. By using a comparison website you can compare more than 50 providers with one search giving you a more complete overview of the market; costing you no additional money; and giving you access to all the special offers that are available to new customers online.
The AA British Insurance Premium Index has revealed that the average cost of a combined buildings and contents home insurance policy stands at £292.54 based on averaging premiums quoted by 75 different insurers from a basket of 750 customers.
However, while this may be the average price quoted, what is important for consumers when evaluating how much home insurance should cost is that this figure does not represent the cheapest quote for these customers.
Among customers that shop around for home insurance, the average premium for a combined buildings and contents insurance policy is actually cut to just £189.32 - that's more than £100 less than the overall average.
So if you're wondering how much home insurance costs, the answer is that it will cost a lot more if you're not savvy about how you shop for home insurance.
Simply calling up one insurer, even if you have a recommendation or you have used the provider in the past, is not enough. The home insurance market is actively competitive now as insurers bid to attract new custom and failing to take advantage of these offers is only costing you cash.
Where home insurers offer their cheapest deals is online where they save money on overheads and often offer discounts in the region of 10 per cent just for opening a policy on the internet.
However, if you really want to make savings you must compare as many quotes as possible. By using a comparison website you can compare more than 50 providers with one search giving you a more complete overview of the market; costing you no additional money; and giving you access to all the special offers that are available to new customers online.
No comments:
Post a Comment