Please read our guide where you will find useful information on getting home insurance discounts.

The good news for consumers is that there is increasing competition amongst brokers, intermediaries and direct insurers to sell home insurance products. In order to achieve sales many new and existing providers offer a variety of discounts and incentives. Below is a summary of what you can expect in terms of discount home insurance from some insurers if you are shopping around for either buildings, contents, or combined policies.

No Claims Discount

This is a relatively new incentive offered by a few homeowner insurers and is intended to reward those who don’t claim on their home insurance policies. The discount you can expect to receive may vary between 5% and 30% discount depending on the number of years no claims have been made and who the provider is.

Home Security Discount

It is fact that secured homes are less likely to be broken into that those without adequate security. Home insurance companies make no secret of their willingness to discount their insurance products if their security requirements are met. In practice this means fitting insurer approved window and door locks, joining established neighbourhood watch schemes and installing approved burglar alarms. The range of discounts offered will vary according to the level of security features fitted. Consider visiting The Association of British Insurers “Beat the Burglar” page which contains useful information for consumers looking to protect property.

Online Discount

Many home insurance providers have embraced the internet so much so that they are prepared to offer additional discounts to those consumers who are prepared to buy online. It is not uncommon to be offered an additional 5% or 10% discount compared to using the telephone or using a branch

New Customer Discount

All insurers require new customers to grow their businesses, therefore, introductory discounts are likely to be offered to entice first time home buyers or those who are shopping around at renewal time. The level of discount offered will obviously vary according to the provider and is probably available whether you intend to buy home insurance through the call centre, branch or online.