A fan of consumer expert Martin Lewis was able to save £700 on his home insurance after a quick online search.
The man, known as Mick, said he had received a renewal quote of £1,109 but he was able to reduce this to £410. Mick used a comparison website to check out home insurance prices elsewhere after being inspired by MoneySavingExpert.
He wrote: "Many thanks for your recent note on home insurance - I saved £700 as a result. Our renewal premium was £1,109. We got better coverage for £410 using a comparison site, a saving of two-thirds."
Read More: Martin Lewis warns of 'huge payment shock' for mortgage holders in the spring
Home insurance covers you if something bad happens, such as a fire, burglary or storm damage. But what exactly you’re covered against depends on the type of policy you take out, reports The Mirror.
The main three types are - buildings insurance, contents insurance and combined buildings and contents insurance. If it’s time to renew your home insurance, then always make sure you shop around for the best price.
Don’t assume your renewal price from your current insurer is the cheapest deal - this isn’t often the case. Make sure you always compare prices on multiple sites - some insurance firms won't be covered across all the major comparison websites.
Some of the most popular ones include CompareTheMarket.com, GoCompare.com and Confused.com. Direct Line isn’t on any comparison sites, so you’ll need to get a quote directly from them if you want to know its prices.
MoneySavingExpert says 21 days before your home insurance is due to expire is the prime time to find the cheapest deals. You should also see if you'd be eligible for cashback on your home insurance on sites such as Topcashback and Quidco.
Finally, if you're happy with your current insurance provider, you can still try haggling for a lower price. Check if there are cheaper deals out there, then call your provider up and ask if they can match it.
Read Next:
-
Heating on all the time or not? Martin Lewis answers age-old question
-
Martin Lewis issues cash boost warning to pensioners who are missing out on £3,300
-
Martin Lewis has urgent Universal Credit message for households earning under £40,000
-
DWP Cold Weather Payments due for Newcastle and post codes around the North East
-
DWP PIP cash could be paid to people with 24 respiratory conditions - see full list here
