Insurance Incease after buying a house

almightybear

Its that time of year for getting insurance qoutes. Im just going through process of buying a house. So i was comparing prices for my current address and my new address.

The new address is around £150 extra . Its a different area so it is what it is . I dont like it but i accept it. But if i do a qoute with the yes i am a home owner button ticked its an extra £200 on top of the extra £150 .

How does this make sense i thought you were supposed to get cheaper insurance when your a home owners

JGB1955

Presumably you weren't, previously, buying home insurance - just contents?

almightybear

Sorry i meant Car insurance 

cw8825

Why would you be comparing prices between addresses?

Penelopa.Pitstop

To know how much it will cost and which company to choose. I did the same and learned that at my new address current isurer will increase the cost by £24 per annum and Aviva would increase by £300 per annum. So, choice was obvious to stay with the same insurer as both companies offered similar price at current address and totally different at new address.

almightybear

cw8825 said:

Why would you be comparing prices between addresses?

To see what price change i can expect when i move from my current address to my new address.

My insurance is due next month but wont be moving for a few months

cw8825

almightybear said:

cw8825 said:

Why would you be comparing prices between addresses?

To see what price change i can expect when i move from my current address to my new address.

My insurance is due next month but wont be moving for a few months

In a few months the prices could be vastly different 
you need to find the best insurance fir now but factor in a cancellation/admin cost for the future change

almightybear

Ok i think people are missing the point of this post.

All im wondering is why the price increases by £200 because i  answered yes to am i a home owner.

MattMattMattUK

almightybear said:

Ok i think people are missing the point of this post.

All im wondering is why the price increases by £200 because i  answered yes to am i a home owner.

No one can tell you, but remember they may even me increasing because you are conducting multiple searches repeatedly.

Brie

MattMattMattUK said:

almightybear said:

Ok i think people are missing the point of this post.

All im wondering is why the price increases by £200 because i  answered yes to am i a home owner.

No one can tell you, but remember they may even me increasing because you are conducting multiple searches repeatedly.

Agree with this - even as someone who is not moving when I did about 3 searches for my car renewal the price kept creeping up every time I logged into the computer and looked again at what I'd been told the day before.