House insurance

catprofit

Hi,
Does anyone know the best time to buy house insurance?
Mine is due on 1st August, I've just received my renewal quote and have done MSE comparison search.
My renewal quote comes in cheaper at the moment

DullGreyGuy

catprofit said:

Does anyone know the best time to buy house insurance?
Mine is due on 1st August, I've just received my renewal quote and have done MSE comparison search.
My renewal quote comes in cheaper at the moment

There is no single answer, anyone who claims otherwise doesn't understand pricing. 

Generally it will be circa 21-24 days before the renewal date however the law on new customer discounting changed a few years ago and yet this website, and most others, haven't updated their charts since then. So either no one has changed their pricing methodology in the last few years or sites haven't bothered refreshing their analysis. 

Buy last minute and its a distress purchase, not enough time to shop around so there is an argument it will be more expensive. Look too early and not everyone quotes that far out so no need for them to be so competitive.

35har1old

DullGreyGuy said:

catprofit said:

Does anyone know the best time to buy house insurance?
Mine is due on 1st August, I've just received my renewal quote and have done MSE comparison search.
My renewal quote comes in cheaper at the moment

There is no single answer, anyone who claims otherwise doesn't understand pricing. 

Generally it will be circa 21-24 days before the renewal date however the law on new customer discounting changed a few years ago and yet this website, and most others, haven't updated their charts since then. So either no one has changed their pricing methodology in the last few years or sites haven't bothered refreshing their analysis. 

Buy last minute and its a distress purchase, not enough time to shop around so there is an argument it will be more expensive. Look too e expensivearly and not everyone quotes that far out so no need for them to be so competitive.

Did a quote through confused.com the best quote was for my current provider but it was more expensive than the renewal and the others where nearly twice as much