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Home Insurance Grab 100+ insurance quotes & cashback

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Umbrella home insruance cover
To speedily slash home insurance costs, combine comparison sites to boost your chance of finding the cheapest price - then grab hidden cashback. It's so powerful, MoneySavers have bagged cover, plus up to £67 PROFIT.


Step 1: Check your cover's correct

Insurance premiums depend on the insurer, the level of insurance and how risky you're perceived to be. Start by defining your cover and ensuring you're as low a risk as possible.

Full information on this, including the difference between buildings and contents cover and how to lower your risk category, is in the additional Cheap Home Insurance Tricks guide.

If you've not got 'normal' circumstances - eg, made a claim in the past few years, are in a flood-risk area, have taken in lodgers or are in a flatshare - tell your insurer. If you don't and then try to claim, your whole policy may be invalid.

Step 2: Correctly combine comparison sites

Best buys: Home insurance

Typical person (doesn't fit other categories)

Comparison sites zip your details to hosts of insurers' and brokers' websites, scraping their data off the screens to report back the cheapest. So be aware they often feed your personal details to insurers.

Yet these screenscrapers don't all compare the same sites, so the best strategy's to combine them. We've analysed the comparison sites, using a large range of monthly data, primarily focused on which ones produce the cheapest results for each category, but also factoring in user feedback. (See How the order is picked).

Before you get going, be aware comparison sites make many assumptions. When clicking to insurers, check all the info is correct and the policy is suitable, especially if your roof's not tiled, the building's listed or it's had an extension. When insurers find out, they may not cover you.

Compare in the following order:

Gives a cheap quote 74% of time (in our sample).

Approx time to get a quote: 6 mins

Confused.com try it*

1. Confused.com* Gets a cheap quote 74% of the time (in our sample)

  • Pros: Clear option to opt out of telemarketing calls. Excesses and cover levels clearly shown. Excellent images giving examples of the types of locks.

  • Cons: The excess can be edited but it does start at a high default of £250. Limited filtering system if you want to select certain cover levels. The option to edit quotations is not very clear. Assumptions are pre-ticked.

Top two likely to give cheapest quote 87% of time (in our sample).

Approx time to get a quote: 6 mins

Comparethemarket.com try it*

2. ...add Compare The Market*Increases chances of cheap quote from sample to 87%

  • Pros: Images available when selecting what type of security you have at the home. Well laid-out quotations page, clearly states the monthly payments and what added extras are included. You'll get confirmation of the quote by email.

  • Cons: The quotes on the results page only show the voluntary rather than total policy excess, so double-check the total. The marketing follow-up is slightly hidden if you want to opt out.

Top three of sample likely to give a cheap quote 93% of time.

Takes 10 mins to obtain a quotation

TescoCompare try it*

3. ...plus Tesco Compare* Increases chances of a cheap quote from sample to 93%

  • Pros: Compare up to 4 products across the Tesco range, with good opt-out options. Clear summary of the sum insured, and what is being offered by the insurer. Breakdown of monthly cost if paying by instalments and a good 'sort' option.

  • Cons: Option to opt out of marketing contact not clearly shown. Took the longest to input details and return a quotation.

Top four of sample likely to give a cheap quote 97% of time.

Approx time to get a quote: 6 mins

GoCompare try it*

4. ...plus Gocompare* Increases chances of cheap quote from sample to 97%

  • Pros: The sum insured is clearly stated as are the monthly payments. You have an 'opt-in' option for marketing calls or literature, rather than an opt-out.

  • Cons: The compulsory excesses are not clearly shown. Also, if you need to make bigger changes to the quotation, the process of where to make them, or start, is not easily shown.

Total...
(close to) 100% chance of cheap quote, based on the insurers comparison sites cover.

5. Boost chances to nearly 100% More to try to really nail down all the quotes

If you still haven't found a deal you're happy with, or want to push the envelope, there are some more options to try.

Try the following comparison sites if you have time - each takes around five minutes:
MoneySupermarket*, QuoteZone*, uSwitch*.

Homes with only one bedroom

The more bedrooms you have, the higher the cost of insuring, so this means the order in which you should combine the comparison sites changes.

If rooms in your house were originally used as bedrooms, but you've only ever had them function as studies or games rooms, then don't count them in the number of bedrooms. However, never lie about a room's purpose — that's fraud and is illegal.

Compare in the following order:

Comparison sites zip your details to hosts of insurers' and brokers' websites, scraping their data off the screens to report back the cheapest. So be aware they often feed your personal details to insurers.

Yet these screenscrapers don't all compare the same sites, so the best strategy's to combine them. We've analysed the comparison sites, using a large range of monthly data, primarily focused on which ones produce the cheapest results for each category, but also factoring in user feedback. (See How the order is picked).

Before you get going, be aware comparison sites make many assumptions. When clicking to insurers check all the info is correct and the policy is suitable, especially if your roof's not tiled, the building's listed or it's had an extension. When insurers find out, they may not cover you.

Gives a cheap quote 73% of time (in our sample).

Approx time to get a quote: 6 mins

Confused.com try it*

1. Confused.com* Gets a cheap quote 73% of the time (in our sample)

  • Pros: Clear option to opt out of telemarketing calls. Excesses and cover levels clearly shown. Excellent images giving examples of the types of locks.

  • Cons: The excess can be edited but it does start at a high default of £250. Limited filtering system if you want to select certain cover levels. The option to edit quotations is not very clear. Assumptions are pre-ticked.

Top two of sample likely to give a cheap quote 86% of time.

Takes 10 mins to obtain a quotation

TescoCompare try it*

2. ...add Tesco Compare* Increases chances of a cheap quote from sample to 86%

  • Pros: Compare up to 4 products across the Tesco range, with good opt-out options. Clear summary of the sum insured, and what is being offered by the insurer. Breakdown of monthly cost if paying by instalments and a good 'sort' option.

  • Cons: The option to opt out of marketing contact not clearly shown. Took the longest to input details and return a quotation.

Top three of sample likely to give a cheap quote 94% of time.

Approx time to get a quote: 6 mins

Comparethemarket.com try it*

3. ...plus Compare The Market*Increases chances of cheap quote from sample to 94%

  • Pros: Images available when selecting what type of security you have at the home. Well laid-out quotations page, clearly states the monthly payments and what added extras are included. You'll get confirmation of the quote by email.

  • Cons: The quotes on the results page only show the voluntary rather than total policy excess so double-check the total. The marketing follow-up is slightly hidden if you want to opt out.

Top four of sample likely to give a cheap quote 98% of time.

Approx time to get a quote: 6 mins

GoCompare try it*

4. ...plus Gocompare* Increases chances of cheap quote from sample to 98%

  • Pros: The sum insured is clearly stated as are the monthly payments. You have an 'opt-in' option for marketing calls or literature, rather than an opt-out.

  • Cons: The compulsory excesses are not clearly shown. Also, if you need to make bigger changes to the quotation, the process of where to make them, or start, is not easily shown.

Total...
(close to) 100% chance of cheap quote, based on insurers comparison sites cover.

5. Boost chances to nearly 100% More to try to really nail down all the quotes

If you still haven't found a deal you're happy with or want to push the envelope there are some more options to try.

Try the following comparison sites if you have time - each takes around five minutes:
QuoteZone*, uSwitch*, MoneySupermarket*.

Claimed on home insurance in past five years

When getting a quote, you'll usually be asked if you made a claim on insurance following repairs or a payout for contents loss or theft. If you have, it's very likely to push up the price you're quoted.

Step 1 - Combine the comparison sites in this order...

Comparison sites zip your details to hosts of insurers' and brokers' websites, scraping their data off the screens to report back the cheapest. So be aware they often feed your personal details to insurers.

Yet these screenscrapers don't all compare the same sites, so the best strategy's to combine them. We've analysed the comparison sites, using a large range of monthly data, primarily focused on which ones produce the cheapest results for each category, but also factoring in user feedback. (See How the order is picked).

Before you get going, be aware comparison sites make many assumptions. When clicking to insurers check all the info is correct and the policy is suitable, especially if your roof's not tiled, the building's listed or it's had an extension. When insurers find out they may not cover you.

Gives a cheap quote 78% of time (in our sample).

Approx time to get a quote: 6 mins

Confused.com try it*

1. Confused.com* Gets a cheap quote 78% of the time (in our sample)

  • Pros: Clear option to opt out of telemarketing calls. Excesses and cover levels clearly shown. Excellent images giving examples of the types of locks.

  • Cons: The excess can be edited but it does start at a high default of £250. Limited filtering system if you want to select certain cover levels. The option to edit quotations is not very clear. Assumptions are pre-ticked.

Top two of sample likely to give a cheap quote 92% of time.

Takes 10 mins to obtain a quotation

TescoCompare try it*

2. ...add Tesco Compare* Increases chances of a cheap quote from sample to 92%

  • Pros: Compare up to 4 products across the Tesco range, with good opt-out options. Clear summary of the sum insured, and what is being offered by the insurer. Breakdown of monthly cost if paying by instalments and a good 'sort' option.

  • Cons: The option to opt out of marketing contact not clearly shown. Took the longest to input details and return a quotation.

Top three of sample likely to give a cheap quote 96% of time.

Approx time to get a quote: 6 mins

GoCompare try it*

3. ...plus Gocompare* Increases chances of cheap quote from sample to 96%

  • Pros: The sum insured is clearly stated as are the monthly payments. You have an 'opt-in' option for marketing calls or literature, rather than an opt-out.

  • Cons: The compulsory excesses are not clearly shown. Also, if you need to make bigger changes to the quotation, the process of where to make them, or start, is not easily shown.

Top four likely to give cheapest quote 98% of time (in our sample).

Approx time to get a quote: 6 mins

Comparethemarket.com try it*

4. ...plus Compare The Market*Increases chances of cheap quote from sample to 98%

  • Pros: Images available when selecting what type of security you have at the home. Well laid-out quotations page, clearly states the monthly payments and what added extras are included. You'll get confirmation of the quote by email.

  • Cons: The quotes on the results page only show the voluntary rather than total policy excess so double-check the total. The marketing follow-up is slightly hidden if you want to opt out.

Total...
(close to) 100% chance of cheap quote, based on insurers comparison sites cover.

5. Boost chances to nearly 100% More to try to really nail down all the quotes

If you still haven't found a deal you're happy with or want to push the envelope there are some more options to try.

Try the following comparison sites if you have time - each takes around five minutes:
MoneySupermarket*, QuoteZone*, uSwitch* .

Step 2: Consider protecting your no claims bonus

As insurers like less risky policyholders, they will reward you if you are able to go a long time without making a claim. For every year you are claim free your insurer may give you a discount at renewal.

The more years you can go without making a claim, the larger the discount will be at renewal. For instance, an insurer may give you a 10% discount if you can go without claiming for the first year of your policy and then give you 15% discount if you can repeat the trick in your second year.

You can also pay a small fee to protect your no-claims discount, meaning you can retain your discount even if you claim. It is worth considering, especially if you have a history of making claims. However, a claim is still likely to see your premium rise, regardless of the impact of your discount.

Insuring high-value contents (over £35,000)

Step 1: Work out how much to insure contents for

When working out how much to insure your possessions for, it's crucial not to under-insure. It may seem cheaper to err on the low side, but this could lead to insurers not paying out when you need them to. Add up everything you'd want to replace, including smaller items such as clothes.

If you insure £20,000 of possessions when you actually have £40,000, you'll at best only have half of your contents protected or, worse still, the policy could be cancelled for being underinsured. The latter will mean a hike in the future cost of insurance.

To get your magic number, walk from room to room, noting what everything would cost if bought again new, including fittings. You can access the Aviva contents calculator to help, alternatively, insurance broker Hiscox also has an online calculator.

You must specify individual items worth a lot (£1,500+) - for example, an engagement ring, or an expensive watch - when signing up, or risk them not being covered.

Very expensive possessions - eg, antiques, paintings - should be professionally valued. Remember their value may increase over time.

If you have several mid to high-value possessions, Hiscox* may be worth a check. Others are Home & Legacy, who provide three types of contracts to hopefully meet your needs, and John Lewis Specialist Home Insurance*.

Types of cover

Once you've defined the cover level, make sure you're comparing the price like for like.

  • New for old. Here the payout should be for the original price of the items, though for clothing there's usually a wear and tear deduction.
  • Indemnity cover. Here the broker only pays out the current value of your possessions so, while it's cheaper, it can leave you in the lurch.
  • Add-on cover. There are various types. 'All risks' includes property taken outside your home such as wallets or jewellery; legal cover pays for court costs.

Compare in the following order:

Comparison sites zip your details to hosts of insurers' and brokers' websites, scraping their data off the screens to report back the cheapest. So be aware they often feed your personal details to insurers.

Yet these screenscrapers don't all compare the same sites, so the best strategy's to combine them. We've analysed the comparison sites, using a large range of monthly data, primarily focused on which ones produce the cheapest results for each category, but also factoring in user feedback. (See How the order is picked).

Before you get going, be aware comparison sites make many assumptions. When clicking to insurers check all the info is correct and the policy is suitable, especially if your roof's not tiled, the building's listed or it's had an extension. When insurers find out, they may not cover you.

Gives a cheap quote 88% of time (in our sample).

Approx time to get a quote: 6 mins

Comparethemarket.com try it*

1. Compare The Market* Gets a cheap quote 88% of the time (in our sample)

  • Pros: Images available when selecting what type of security you have at the home. Well laid-out quotations page, clearly states the monthly payments and what added extras are included. You'll get confirmation of the quote by email.

  • Cons: The quotes on the results page only show the voluntary rather than total policy excess so double check the total. The marketing follow-up is slightly hidden if you want to opt out.

Top two of sample likely to give a cheap quote 97% of time.

Approx time to get a quote: 6 mins

GoCompare try it*

2. ...add Gocompare* Increases chances of cheap quote from sample to 97%

  • Pros: The sum insured is clearly stated as are the monthly payments. You have an 'opt-in' option for marketing calls or literature, rather than an opt-out.

  • Cons: The compulsory excesses are not clearly shown. Also, if you need to make bigger changes to the quotation, the process of where to make them, or start, is not easily shown.

Top three of sample likely to give a cheap quote 98% of time.

Approx time to get a quote: 7 mins

MoneySupermarket try it*

3. ...plus MoneySupermarket* Increases chances of cheap quote from sample to 98%

  • Pros: Has good options to reduce excess, a simple 'edit your quote' function. You also have the facility to filter by cover type. Email quotation sent quickly.

  • Cons: We couldn't find the 'opt-out' marketing link to stop being contacted. Be sure to read all assumptions, as displayed in two areas (second only visible when you click 'Statements').

Top four of sample likely to give a cheap quote 99% of time..

Approx time to get a quote: 6 mins

Confused.com try it*

4. ...plus Confused.com*Increases chances of cheap quote from sample to 99%

  • Pros: Clear option to opt out of telemarketing calls. Excesses and cover levels clearly shown. Excellent images giving examples of the types of locks.

  • Cons: The excess can be edited but it does start at a high default of £250. Limited filtering system if you want to select certain cover levels. The option to edit quotations is not very clear. Assumptions are pre-ticked.

Total...
(close to) 100% chance of cheap quote, based on insurers comparison sites cover.

5. Boost chances to nearly 100% More to try to really nail down all the quotes

If you still haven't found a deal you're happy with or want to push the envelope there are some more options to try.

Try the following comparison sites if you have time - each takes around five minutes:
QuoteZone*, uSwitch*, TescoCompare*.

Renting or living in shared accomodation

Getting insurance for a rented home or a room in a shared house, including students, doesn't need to be expensive. Yet you should take extra care to make sure you're getting the correct and most comprehensive cover.

Rule of thumb. If you rent, your landlord's responsible for insuring the buildings, so you only need contents insurance - essentially, covering the stuff that'd fall if you turned your home upside down. Read on to see which category you're in.

STEP 1

Only you/your family live in the home? If the home is lived in ONLY by yourself, you and your partner, or your family, you won't usually need a specialist policy. Get a standard contents insurance policy via our normal home insurance route to help you bag the maximum quotes in the minimum time.

If you live in a houseshare. Getting cover from mainstream insurers can be tricky. Insurers class you as a higher risk if you share a home with non-family members as they feel the chances of damage, theft or items going missing increase. Students and young professionals in shared houses are most likely to fall into this category.

Getting cover as a student. If your parents have home insurance, it may automatically cover you under the 'temporarily removed from the home' section while you're a student. This only applies while in your accommodation though; so have a quick check.

STEP 2

Take some simple steps before getting a quotation to help improve your risk profile and increase your chances of getting the lowest possible quote.

- Make sure you have the right security - not only to your 'self-contained' room, but to the main extrance to your home or flat. Without an approved lock, it's difficult to find a policy giving you theft cover. So know your locks.

- Keep all your contents in your locked room. Anything left in the communal area is unlikely to be insured against theft. Remember, theft only applies when there's violent and/or forced entry.

STEP 3

These comparison sites all say they can provide online quotations for people in rented rooms or shared accommodation. We've no top pick, but it's worth spending five minutes on each to make sure you get the best possible quote..

Warning: Remember to double-check the cover, limits and any endorsements or conditions. In other words, check the small print to ensure you're actually covered..

STEP 4

Contact a specialist such as Home Protect* or a local broker via BIBA. You may find it easier going down this route as these will specialise in tailoring a quote for you.

For students, also include Barclays, HSBC, RBS and NatWest, which also provide student contents policies.

Step 3: The big insurers and hot deals comparisons miss

Some big insurers, such as Direct Line* and Aviva*, and hot deals do not appear on comparison and are only available direct. Check out the offers below to see if the beat the best deals offered via the screenscrapers.

AADolce Gusto coffee machine. Buy a combined buildings and contents policy via this Churchill* link to get a coffee machine too (RRP £89.99 but £50 on Amazon). The offer is for the first 500 new customers. You'll get the machine after 2/3 months.

AA£80 M&S e-gift card. Buy a combined buildings and contents insurance policy via this Policy Expert* link and receive an £80 M&S e-gift card. The card is subject to a 60-day validation period and will be sent up to 21 days after the period ends.

AA£60 M&S voucher. Buy a new Legal & General* Essentials or Extra buildings and contents policy by Sat 31 May and enter the code APRMSE to get a £60 M&S voucher. The voucher will be sent within 75 days.

AA£40 Amazon gift certificate. Buy a buildings and contents policy from Aviva* by Wed 30 Apr and enter the code AVIVAMSE40 to get a £40 Amazon gift certificate. The offer is for new customers and the voucher will be sent within 90 days.

AASwitching refund. The AA* will refund up to £25 for buildings cover and £25 for contents cover if your current insurer charges you for switching.

Co-op 25% online discount. Buy a combined buildings and contents policy from the Co-op* and you'll get a discount of up to 25%.

Direct Line20% online discount: New customers who buy a Direct Line* home insurance policy online will get 20% off. If you (or someone in your household) have another policy, see Direct Line Together for details on getting more discounts.

Halifax£50 cashback. Halifax will give you £50 if you take out its contents and buildings insurance online or by phone. Cover must be in force for at least 70 days and you also have the option to pay monthly at no extra charge.

Lloyds£50 cashback. New customers who buy a combined Lloyds buildings and contents policy online or by phone will receive £50 cashback. Internet banking customers also get 5% off. Cover must be in force for at least 70 days and only applies to the Options policy.

20% online discount. Buy a premier or standard policy from M&S* online and receive a 20% discount. M&S cardholders receive 1,000 M&S points for new policies.

Nationwide40% online discount. Buy a combined buildings and contents policy online from Nationwide and you'll get a 40% discount.

Natwest 12 months for the price of nine. New customers who buy a NatWest buildings and/or contents policy will get 12 months cover for the price of nine. There's no instalment charge if you want to pay monthly.

Post OfficeGuarantee to beat renewals by £50. For new policies, the Post Office guarantees to beat renewal quotes by at least £50 for a buildings, contents or combined policy (some conditions apply, see the T&Cs).

Step 4: Grab hidden cashback and haggle

By now you'll know the cheapest provider available, yet you may be able to cut the cost further.

The top cashback deals

Check there aren't any hidden cashback deals, which can be as high as £120. If your second or third cheapest quotes weren't much more expensive, then see if cashback's available for them too, and find the overall winner.

The step-by-step list below takes you through a variety of options to improve your deal.

Check 1: Check for cashback

These sites carry paid links from some retailers and financial services providers. In other words, if you click through them and buy a product, they get paid. They then give you some of this cash, which means you get the same product, but a cut of its revenue.

Don't choose based only on cashback.
See it as a bonus once you've picked the right cover.

If you're new to cashback sites, make sure you read the Top Cashback Sites guide for pros and cons before using them. Otherwise, use the Cashback Sites Maximiser tool to find the highest payer for each insurer.Receive cashback online

Things you need to know before doing this...

  • Never count the cash as yours until it's in your bank account. Cashback is never 100% guaranteed. There can be issues with tracking and allocating the payment, plus many cashback sites are small companies with limited backing, and you've no protection if anything happens to them.

  • Withdraw the cashback as soon as you're allowed. Money held in your cashback site account has no protection at all if that company went bust, so always withdraw it as soon as you're eligible.

  • Clear your cookies. While it shouldn't be a problem, if you've used comparison sites beforehand, there is a minor risk that the cashback may not track due to cookies - so it's good practice to clear those first (read All About Cookies).

Haggle

The home insurance market is very competitive and companies are desperate to retain business. Therefore once you've got your overall cheapest price, get on the phone and try to haggle. There's often massive price flexibility, but be fully armed with the screenscraper's cheapest quotes and any available cashback first.

The first port of call should be your existing insurer. After all if it can beat or even match the best quote, it saves the hassle of switching policy. If that doesn't work and you're still in the mood, take it to a broker.

For more haggling tips, read the full Haggle On The High Street guide and the Top 10 Firms To Haggle With.

Step 5: Check your policy

Once you've found the cheapest policy, there are two important checks to make:

  • Double-check the quotes.

    Click through to the insurance provider's own website to double-check the quotes, as to speed up searches some comparison sites make a few assumptions (see What to check ).

  • Examine the policy's coverage.

    Check whether it's suitable. If you want "accidental damage", is it included? And if you specified you were in an area affected by flooding or subsidence, is this noted?

    While you're there it's worth playing with the policy details to see if you can finesse the price down; look at the excess, and the name of the policy holder (if a joint policy) as the age of each person can affect your quote (see Cheap Home Insurance Tricks guide).

    This tool from Find allows you to check the coverage of two different buildings and contents policies, side by side.

Screenscraper and broker differences

Brokers and screenscrapers may seem like they're doing a similar job, as each search a number of different insurers; yet they're radically different beasts. Compare it to searching for the cheapest loaf of bread... (bear with us!)

Individual insurers are like bakers, your choice is simply to buy its cheapest loaf that suits. Brokers are like supermarkets; they stock a range of bakers' loaves and the price charged depends on their relationships with suppliers. Screenscrapers are like sending someone round supermarkets and bakers to note all their prices.

What if my insurer goes bust?Man sitting in a flooded lounge

Comparison sites include many providers, the vast majority of which are regulated. A small number aren't. For example, Markerstudy is regulated in Gibraltar, meaning you'll need to claim from there if it's your insurer and it goes bust, so it's always worth checking if you're concerned.

In the unlikely event a regulated insurer goes bust, the FSCS will try to find another provider to take over or issue a substitute policy. However, if you've ongoing claims, or need to claim before a new insurer is found, the FSCS should ensure you're covered. For more, see the insurance section of the Savings Safety guide.

Further tricks to find a cheaper price

If the comparison sites haven't saved you money or given the cover you need, there are some alternatives:

  • Get quotes up to three months before renewal

    A number of insurers will hold the price of the quotation for 90 days. This means that if you obtain a quotation two or three months before your renewal is due, you've locked in a price in case they rise in the near future.

    Aviva*, Barclays*, First Direct and HSBC will allow you to buy a policy up to 90 days ahead, John Lewis Insurance* is valid for up to 60 days. Remember, the quotations are subject to your details not changing. Set up a Tart Alert to remind you when it's going to expire.

  • Guarantee to beat your renewal

    Some have price guarantees if you've not beaten your renewal quote but make sure you are getting the same level of cover, excess and the add-ons as your current policy:

    Provider to try: The Post Office guarantees to beat renewal quotes by at least £50 for a buildings, contents or combined policy (some conditions apply, see the T&Cs).

    Brokers and comparisons: Broker Quoteline Direct* promises to beat your price by at least 10% with similar cover.

  • If you've not got 'normal' circumstances

    Some groups, such as those in areas prone to flooding, subsidence or whose house is left unoccupied for long periods, can find it incredibly difficult to find cheap insurance cover as they are considered too high a risk. Those with a chequered financial past - eg, bankruptcy or CCJs - may struggle too.

    In these situations, insurer Home Protect* may be able to help. Or, see the Home Insurance Tricks guide for further ways to reduce your risk.

    One final option is to try speaking to a local broker (search on the British Insurance Brokers' Association website) about your individual circumstances.

Step 6: Remember next year

Blue alarm clock

Apply for cover from your existing insurer as a new customer and it's likely you'll be given a cheaper price. This is because home insurers, like any company, will happily profit from apathy if they can. Insurers must send out renewal notifications at least 28 days before renewal, though this doesn't leave much time and you can end up rushing to try to find a cheaper price.

To avoid being forced to decide quickly, diarise a warning up to three months before your renewal date, so there's plenty of time to sort out a new provider. Alternatively use the free Tart Alert, which sends a reminder text or email.

Get paid to be a mystery shopper

You could also sign up to Consumer Intelligence, a consumer research company, which pays several hundred people a month near renewal up to £50 to carry out comparisons. Importantly, you don't need to buy insurance from any of the companies you've contacted. See the It's a mystery forum thread for full details.

The current record result - £67 PROFIT!

This technique's so powerful, some people get more cashback than their policy costs, effectively meaning they were paid to take out the cover!

The current record is held by MoneySaver Saving4Jesus.

The all-time record...
£67.50 PROFIT for a year's cover

  • Quote of £52.50. By using the comparison services he found a quote for £52.50.

  • Cashback of £120. That same insurer was paying a mammoth £120 cashback. Cashback tends to be fixed whether your quote's for £77 or £770, as it's all about insurers' marketing budgets rather than price.

  • So he was £67.50 up. For a year's home insurance, he actually made £67.50.

Share your success stories

  • Tell us about your cashback, haggling or insurance saving success story! We love to hear when you guys get cracking deals. Please report super-cheap deals so we can share them with other MoneySavers.

Cut car insurance costs too

The Car Insurance cost-cutting guide works in exactly the same way and could save you another wedge of cash. If you're a driver, don't forget to check that out too.


Glossary

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Duplicate links of the * links above for the sake of transparency, but this version doesn't help MoneySavingExpert.com: AA, Aviva, Barclays, Beatthatquote, Churchill, Co-operative, Comparethemarket, Confused.com, Direct Line, Direct Line Together, GoCompare, Hiscox, homeprotect, John Lewis Insurance, John Lewis Specialist Home Insurance, Legal & General, Lloyds, MoneySupermarket, More than, Quoteline Direct, Quotezone, Sainsburys, Swinton, Tesco, TescoCompare, uSwitch

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While this does not affect any content on our site, technically it means that pages with links which take you to the sites of insurers or insurance intermediaries are hosted by MSE on behalf of MSM.

MSM is an appointed representative of MoneySupermarket.com Financial Group Limited ("MSFG") which is authorised and regulated by the Financial Conduct Authority (FCA FRN: 303190). The registered office address of both MSM and MSFG is MoneySupermarket House, St. David's Park, Ewloe, Chester CH5 3UZ.

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