A fan of Martin Lewis has explained how they saved £700 on their home insurance . The person, known only as Mick, said he had received a renewal quote of £1,109 – but was able to slash this to £410 by shopping around. 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.” Have you had trouble claiming through your home insurance? Let us know: [email protected] Drivers could be hit with £100 fine on the spot for wearing common winter clothing item How to lower your home insurance 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. 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. Martin Lewis gives tip to turn £800 into £5,500 but you need to act quickly 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 at all, 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. Royal British Legion is offering veterans and families up to £1,200 to help pay bills 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. The same rules apply for other types of insurance, including car – except MSE says the best time to start looking for car insurance is 23 days before your current policy expires. Read More UK banking rules set for biggest shake-up in 30 years as Jeremy Hunt axes EU red tape Read More Santander fined £100million for money laundering failures – with 560,000 accounts affected Read More Full list of bank closures coming in 2023 – including HSBC, Lloyds and Barclays Read More Dunelm shoppers praise £14 heater that warms room in minutes – and costs pennies to run Read More One in four home insurance claims are turned down, worrying figures reveal
Creator :[email protected] (Levi Winchester)
Published on : 2022-12-10 07:00:00
Source :mirroruk
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