5 Ways to Make Your House Insurance Cheaper

1- Rebuild value

If something happens to your home, are you sufficiently covered? Always make sure you are fully covered should you need to rebuild your home from scratch.
At the opposite end of the spectrum, make sure that you haven’t set your rebuild value too high, or you could be paying too much for insurance.

2 – Pay in full

If you are able to pay the whole years insurance in one payment, do so, as paying monthly will usually cost you more.

3 – Cashback

Check coupon and cashback sites, as some insurers offer deals on their policies.

4 – Auto renew

Never ever auto renew your insurance if you want to save money. The price is usually always cheaper for new customers while existing customers get a price hike! Shop around or speak to your existing insurer and ask them to lower the price.

5 – Reducing premiums

Fitting a burglar alarm, approved locks, and installing security lighting are just some of the things that can help reduce your insurance costs.

Is your money protected?

British savers are now protected up to £85,000 should their bank collapse, but not many people know it is per licensed institution not by account.

The Financial Services Compensation Scheme which protects savers in the UK, says should the unfortunate happen, compensation should be in around 7 days, £85,000 for a single account and up to £170,000 for joint accounts.

Should you have more than £85,000 in savings then it is important to spread your money across different financial institutions. As different banking names are licensed under one parent company, it is important to know in which banks your savings are completely safe.

The Financial Services Compensation Scheme has an online tool to check how safe is your bank….and your money.