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House Insurance: Is The Best Policy The Cheapest? Grab Some Home Insurance Tips!

Updated on August 31, 2011

If you are looking for house insurance, it is true that the best policy may not be the cheapest.

Increased excess and cut backs on levels of cover will effect a claim.

But what if you can drive down costs in other ways?

Well worry not, here we have home insurance tips that will let you have your cake and eat it too!

If you are someone who doesn't claim often on your home insurance and you are not afraid to spend a little time doing your research, you have placed yourself in a prime position.

Insurance companies want your money and will bend over backwards to draw it from you.

Use this power to make a saving and bag yourself an insurance bargain that will make you the envy of your neighbours!


Home Insurance: Take Advantage Of This Highly Competitive Environment

The cost of living is increasing but wages are stagnant. Something has to give. As the world economies cut back on their expenditures, so you must follow suit. It is, indeed, the way of the world.

One of the great ways to cost cut is on your home insurance. It makes sense to take advantage of this highly competitive environment. They want you to spend money with them - especially if you aren't a claimer - low riskers are who they make their money from!

There are competitive and attractive deals out there, but is the cheaper policy the best?


A Struggling Insurance Industry

People should be warned that they could be at financial risk if they cut back on their household insurance. This is particularly the case in the event of fire, theft, flood and accident.

It isn't surprising that this warning comes from the British Insurance Brokers' Association. They claim that a 57% reduction in consumers level of insurance protection has been reported (Source: Daily Express) as an attempt to cut costs during the poor economic climate.

This really is good news for us consumers! It means the insurance industry are struggling and that means we can bag a bargain by beating them down to the bone. If you are a low risker, don't generally claim, you can use this as a tool to get the best cover for the cheapest price.


Yes YOU can look smug! You are a low risker!!!
Yes YOU can look smug! You are a low risker!!!

Ask To Be Referred To The Underwriter

You represent 100% pure profit because you don't claim, so some money is better than no money at all!

No price is fixed... everything is always open to negotiation and, once you have found the lowest quote, you can always ask to be referred to the underwriter for a better deal, should you receive that 'sharp intake of breath' from the operator! They don't want to lose your business and you want to save money, so why not give it a go?


Insurance Birthday

Happy Insurance Birthday!  Have your cake and eat it too!
Happy Insurance Birthday! Have your cake and eat it too!

Insurance Bartering

The insurance industry is sending out scaremongering press releases. One quote from Eric Galbraith, Chief executive of The British Insurance Brokers Association, states:

"The steep rise in people cutting cover is very worrying..." For who, the Insurance industry?

..."We understand that times are tough but consumers should take care not to leave themselves exposed. It could be false economy and cost them thousands of pounds for repairs or to replace belongings."

Yes, this is true if you don't barter properly in the first place. Again, if you are the type of person who doesn't claim, you have a great negotiating tool so as you can have your cake and eat it.


Other Ways To Cut The Cost Of House Insurance - Burglar Alarm

Apart from negotiating tactics, there are other ways that you can cut the cost of home insurance.

Why not save money by installing a burglar alarm. Here recommended is one of the best in quick installations, cheap, cheerful and a good way to slash home insurance premiums. This wireless, motion detecting alarm calls you, so as you can call the police.

This is what one of the reviewers of this 5 star product said about it:

"The alarm is easy to install, easy to program and it has a number of great features.
If by any chance, someone managed to get in your house with out setting off a door or window sensor, they still won't get passed the motion detectors. The alarm will sound off (which is very loud) and the system will continuously dial up to 6 phone numbers (people that you know) to call the police.
If your phone line is cut the alarm will sound off. If someone tries to tamper with the system the alarm will sound off. If you are at home, it can be set to turn off the motion detectors and still arm the door/ window sensors so you can move about your house freely. There are a few other features for personal preference. All in all I think it is a very good system and would recommend it to anyone. AAS also offer a number of different size packages to meet your needs."


Reduce House Insurance With Upfront Payments

Most insurers charge in addition for credit card payments and monthly installments. Why not use this as a negotiating point to reduce the costs? Perhaps if you pay via a debit card in full may help to cut down the costs.


Reduce Household Insurance by Buying Online

By purchasing your home insurance online, you can help reduce costs to the insurance company and, therefore, reduce the costs to you too. Some companies, like Swift cover for example, allow you to print off your insurance and have an online text chat style of communication should you have a query. Without having to pay for staff to deal with your enquiry, the Internet really has helped to provide incentives on a 'do it yourself' style for cheaper cover.

By using websites like and, you can scan the whole market, thereby taking all the hard work out of trolling the insurance market.


Home Insurance And Bravado

Feeling empowered?  Well, you should do - these home insurance tips are here to help you beat their system!  Despite the bravado, you are the one who is in a position of power.  You are the insurance consumer and they want your money!  Buy your house insurance safe in the knowledge that you know the best policy may not be the cheapest.  But why settle for anything less?  Negotiate and barter.  You will be surprised at how much more insurance you can get for less.  Don't let them dictate to you, have courage.  Without you, they will not exist!

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    • shazwellyn profile image

      shazwellyn 6 years ago from Great Britain

      AllSuretyBonds - arh, but you can still barter and have your cake and eat it too!

    • AllSuretyBonds profile image

      AllSuretyBonds 6 years ago

      Great Hub. I believe that any type of insurance you shouldn't go cheap on. I think its better to spend a little bit more to make sure that you are covered in all areas.

    • shazwellyn profile image

      shazwellyn 6 years ago from Great Britain

      Thanks Purple Perl!

    • Purple Perl profile image

      Purple Perl 6 years ago from Bangalore,India

      Hey Congrats! A well deserved hub!

    • shazwellyn profile image

      shazwellyn 6 years ago from Great Britain

      Thanks K9 - glad that you will get some savings! Barter them down and get it all your own way!

    • K9keystrokes profile image

      India Arnold 6 years ago from Northern, California

      This is awesome Shaz! You have struck at a very quiet cord within the homeowner insurance band. I can already feel the savings as I contemplate the negotiating tactics before ringing them up. Thanks for offering such a perfect idea on how to save some money.

      Congrats on your staff pick! Well deserved.


    • shazwellyn profile image

      shazwellyn 6 years ago from Great Britain

      @ Johnny Parker, Bard of Ely, oceansnsunsets and akirchner - Thank you. I do my best :)

      @ stephhicks68 - Yes, you are correct, but you can have your cake and eat it. It is all about being informed and having the gall to keep the control in your hands. Thank you for your valued comment :)

    • Johnny Parker profile image

      Johnny Parker 6 years ago from Birkenhead, Wirral, North West England

      Well done with the win, loads of info there.

    • stephhicks68 profile image

      Stephanie Hicks 6 years ago from Bend, Oregon

      I firmly believe that insurance is one expense on which we should not skimp! Better to be safe than sorry. Definitely shop around, but remember that you get what you pay for. Rated up and useful - great hub. Good luck in the weekly contest!

    • Bard of Ely profile image

      Steve Andrews 6 years ago from Lisbon, Portugal

      Congratulations from me too! Well deserved!

    • oceansnsunsets profile image

      Paula 6 years ago from The Midwest, USA

      I like how your hub looks, the lines between each section, and the pictures, etc. Congratulations on your staff pick as well!

    • akirchner profile image

      Audrey Kirchner 6 years ago from Washington

      Your hub looks great! Congrats on the win!!