How to beat the rising cost of home insurance

home insuranceIn today’s tough economic climate homeowners are being forced to make difficult choices. Energy bills are rising year-on-year and with food bills set to skyrocket it’s hardly surprising that homeowners are tightening their belts.

Household budgets need to be balanced and the combination of increasing costs and stagnant wages inevitably means cuts need to be made. However, it’s essential to make sure you’ve got the basics covered and that means protecting the roof over your head.

Home insurance is a cost-effective way to safeguard your most important asset and it’s much more affordable than you might think (we can say that with confidence as we guarantee to beat your current renewal premium by at least 10%).

Given that home insurance is a ‘no brainer’ for most homeowners it’s surprising the percentage who are prepared to take a gamble on their bricks and mortar. Research by a leading insurer has revealed that one in five households don’t have insurance and a third of them say it’s down to the cost of cover.

Admittedly home insurance costs have been rising in recent months, but it’s got nothing to do with risk, so what’s pushing-up premiums?

Much of the blame can be pinned-on increases in Insurance Premium Tax (IPT) which has doubled in the past two years and now adds a whopping 12% to the cost of every policy. Increases in IPT have been widely criticised by the insurance industry who argue that they punish responsible homeowners simply to top-up the Treasury’s coffers.

Homeowners have seen a further £10-20 added to the cost of cover by the introduction of Flood Re. It’s a government-backed scheme that enables homes at risk of flooding to find sensibly priced insurance. Flood Re has been widely welcomed, but it comes with a cost that’s borne by charging every home insurance policyholder an additional fee.

With costs creeping-up it’s easy to see why homeowners are increasingly being driven by price, but that doesn’t mean you have to compromise on cover. Unfortunately, not everybody thinks like us, and some providers will strip out essential benefits just to win new business.

At Quoteline Direct we like to do things differently and we work overtime to help our customers find the right cover at the right price. We have negotiated some great deals with the biggest names in the business and by finding out about your exact needs we can help arrange cover that’s both competitive and comprehensive.

We’ve already guaranteed you savings of at least 10% on your current renewal premium (based on like for like cover) and we are confident that we can save you a whole lot more. To find out more, or to get a quick online quote and arrange online cover, visit our house insurance pages or Tel: 0161 874 8032 to speak with an experienced consultant.


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