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Home insurance for £5

How is this for a bargain. Took out home contents insurance with the Post Office. Annual premium cost £57 but they had a cashback offer of £25 back 3 months after the policy is taken out. I went through Quidco and got £27 cashback. Cost of premium £5 !! :beer: Awaiting payment for both amounts but has been agreed so should work out OK.
Started comping February 2012
Wins so far:
Mascara, dry shampoo, chocolates, Loreal Elvive goody bag.Pot noodle fork , maggi mix, couscous,
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Comments

  • lisyloo
    lisyloo Posts: 30,094 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Sounds excellent.
    £57 sounds very cheap, as you sure you have adequate cover?
  • ema_gear
    ema_gear Posts: 32 Forumite
    hi i got my buildings and contents insurance free.

    I got a quote with prudential contents was £63 and building was £74 i did them on 2 seperate policies and got £75 cashback through quidco on both policies. So not only did i get it free but i got money in my pocket aswell.
  • geri1965_2
    geri1965_2 Posts: 8,736 Forumite
    Where on earth do you people live, some island with no other inhabitants? Post Office quoted me over £600 for mine, which was double my renewal premium with First Direct.
  • lisyloo
    lisyloo Posts: 30,094 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I think it depends whether you have a 1 bed flat or a 5 bed house with double garage and extension plus conservatory.

    Also whether you have multiple TVs, computers, gym equipement, snooker room, home cinema etc. or whether you live in a bedsit with the basics.

    Also I am not totally convinced that everyone has as much insurance as they need, hence my earlier comment.
  • dunstonh
    dunstonh Posts: 120,282 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I'm in the cheapest band for contents and you can get very basic cover for about £60 year on contents only. It may not be very good cover but its cheap.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • BenL
    BenL Posts: 3,189 Forumite
    I did AIG contents only for my 1 bed apartment in Leeds, £81 premium and £90 Quidco.

    Well happy, its tracked and paid into my bank account no problems.

    Free insurance (better policy than last years Tesco one as well)
    I beep for Robins - Beep Beep
    & Choo Choo for trains!!
  • *MF*
    *MF* Posts: 3,113 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Anyone know if the cashbacks are still paid if you pay the premium monthly rather than one up front payment :confused:

    TIA for any response.
    If many little people, in many little places, do many little things,
    they can change the face of the world.

    - African proverb -
  • Quentin
    Quentin Posts: 40,405 Forumite
    They pay the cashback for taking the policy - whether or not you take a loan to pay for the policy doesn't make any difference.
  • raskazz
    raskazz Posts: 2,877 Forumite
    You can get good cover cheaply for large houses if you're lucky enough to live in a low risk area. My parents got buildings+contents for a 5-bed house/double garage/extended through AIG for less than £100 after cashback.
  • lisyloo
    lisyloo Posts: 30,094 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    My parents got buildings+contents for a 5-bed house/double garage/extended through AIG for less than £100 after cashback.
    Do you know the amounts for buildings and contents if it's not too personal.
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