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  • Jason McClean
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THE easiest way to know if you are paying too much for your home insurance is to look at how you bought your insurance previously. If you haven’t bought home insurance previously, then you can still follow the same rules as though you had. Follow this guide and you’ll never pay too much for your home insurance ever again.

So, if you have bought home insurance before, did you buy it direct from a renewal notice sent by your current insurer? Unless this has been heavily incentivised and is very similar or lower than your previous cost, chances are you are paying too much.

Renewal notices are normally your current insurer’s best chance to win your business for a second year and they know that most property owners will not be bothered to look elsewhere or change. Many of them now operate automatic renewals which I think is simply wrong and wish the Financial Conduct Authority would come down on it. I think all insurance buyers must actively say ‘yes’ to buying a policy, that is the only way you should buy.

But apathy by home insurance buyers is strong and a large proportion – over half – will normally buy on their renewal notice without looking elsewhere. This is how you know you are paying too much for your home insurance. Unless the renewal comes with a price guarantee to beat the market, you are likely to be paying more than if you compared prices with other good brokers.

So, to save money on your home insurance, you now know what you have to do and you need to do it every year rather than rely on your renewal and hope it is competitive. Most insurers will load the renewal notice and make handsome profits from every single customer that renews. Even a quick call to the insurer to ask if that’s the best they can do would normally result in a discount that will reduce your cost of home insurance.

Otherwise, get on to www.thepropertyinsurer.co.uk and get a quote from its panel of specialist home insurance providers. These are some of the best home insurance experts and have access to the best rates in the UK. They will fight to win your business and you can compare the prices in a useful table and buy online immediately any time of the day if you like what you see.

Don’t pay too much for your home insurance, visit The Property Insurer and make a saving today. And do not rely on your renewal notice alone, it is a surefire way of knowing you are paying too much for home insurance.

Jason McClean

The Property Insurer


How do you know if you are paying too much for your home insurance?

How do you know if you are paying too much for your home insurance?


I am a director of the Property Insurer and Property Landlord. We tell it how it really is. Yes property insurance can be boring , but our job is to make it more interesting, useful and above all save you money!