Tips to reduce your home insurance premium

The sum insured will effect the premium. Look at the notes on calculating your building and contents sums insured but be careful not to underinsure as the insurance company will not pay out the full value of a claim in such cases.

A burglar alarm carries a discount which is increased if it is connected to a monitoring station. Smoke alarms carry a discount with most insurers and are inexpensive and easy to install.

Some insurers may offer a discount if your car insurance is also with them.

Put in your date of birth, insurers give discounts if you are aged over 50.

Accidental damage cover for buildings and/or contents will cost you extra. This option is not available for rented properties or holiday homes.

An increased excess will reduce your premium in most cases.

Cover for personal possessions (either specified or unspecified) outside the home will increase your premium.