Home insurance

icecube2009

Hi I just got my renewal for home contents & building insurance from churchill & it has gone up from £21 a month last year to £32 this year! seems a really big increase!
Can anyone recommend anyone else? I have looksed on go compare, money supermarket etc, and it comes up with a few that are a lot cheaper, but all companies I never hear off so I am a bit dubious! any help appreciated.
Thanks

dogbot

You got a discount in the first year as a new customer, so yes, the cost will go up. You would save a siginificant sum over the whole year if you paid in a lump sum since you are paying a fairly high interest for the direct debit credit.

Most of the companies on the price comparison sites now are actualy brokers or branded schemes, with solid underwriters behind them. Who are the top 5 names that come up?

For home insurance, much more than car insurance, you need to be careful that you are looking at the full details of the cover you are buying because it will vary a great deal.

icecube2009

dogbot wrote: »

You got a discount in the first year as a new customer, so yes, the cost will go up. You would save a siginificant sum over the whole year if you paid in a lump sum since you are paying a fairly high interest for the direct debit credit.

Most of the companies on the price comparison sites now are actualy brokers or branded schemes, with solid underwriters behind them. Who are the top 5 names that come up?

For home insurance, much more than car insurance, you need to be careful that you are looking at the full details of the cover you are buying because it will vary a great deal.

I got the
policy shop £238
direct choice £280
RK shipman £286
sureterm direct £291
smart people budget £291

The churchill is an additional £35 for the credit charge, I dont have the cash to pay a lump sum :rolleyes:

dogbot

policy shop £238
direct choice £280
RK shipman £286
sureterm direct £291
smart people budget £291

All of the above are brokers to the best of my knowledge, so you need to click through and find out who the insurer will be they are quoting you with and what the cover is like. You can then make your decision.

One option to spread the lump sum payment is to get a 0%apr credit card and pay it off over a few months, but of course that may not be an option for everyone.