Brought to you by AIG
Follow these tips to save a few euro on home insurance, you’ll thank us in the long run
A lot of people don’t really know what they’re getting into when they take out home insurance. They agree with whatever their bank or building society suggests, and renew it on a yearly basis sometimes without even knowing.
This explains why so many people’s hard earned cash gets wasted unnecessarily. But here are some easy ways for you to get cheaper insurance for your house:
Multi-policy discounts
If you use the same provider for several types of insurance, there’s a possibility you may get a discount. For instance, if your house and your car are insured by the same company you could save massively. AIG offer a home and auto bundle with a tonne of benefits, including flexible coverage options and a claims service.
Pay a lump sum
If you can afford it, making a lump sum payment at the beginning of each year is the cheapest way of paying for home insurance. Although a monthly payment plan might seem more attractive, they could end up costing you a lot more. Insurers usually charge interest as an annual percentage rate (APR), which could be up to 40% of your annual premium.
Improve security
If you have the right security measures in place, the cost of home insurance will fall as a result. Providers may even give discounts due to additional measures like locks and home security systems. Read more about this here.
Review all insurance costs
There are lots of smaller costs that make up an overall home insurance premium. These include building insurance and contents insurance. Make sure to review how each individually contributes toward your overall premium. You don’t want to pick a cheaper policy that does not offer the same cover only to find out when something awful happens. Be sure to do your homework.
Make sure you’re getting the best deal
In 2014, the National Consumer Agency (NCA) surveyed insurance providers quotes for a three-bedroom bungalow in Midleton, Co Cork. It showed a difference of up to €421 between the cheapest and most expensive ones.
Shop around as much as possible, but ensure you’re being quoted for the same coverage from each provider. Once you’ve selected a company, keep an eye on prices rising over time.
Thanks to AIG Insurance, you can now save up to 58% on home insurance. For more details or to get an quote please click here link to www.aig.ie
Brought to you by AIG
LISTEN: You Must Be Jokin’ with Aideen McQueen – Faith healers, Coolock craic and Gigging as Gaeilge
