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Compare Best Home Insurance Companies 2018

 

This Guide

Andrew Jenkinson - Drewberry
Written by:
Alicia Hempsted
Content Manager at Drewberry
⏰  10 min read
 

What is the Best Home Insurance?

There are a number of different elements you should look out for when buying Home Insurance, what is important for one person might not be so important for another.

Comparing the market is very important and it is not only comparing Home Insurance premiums but also comparing the various aspects and limits of the policies.

Personal possessions, outbuildings and cover limits…

For instance, if you travel frequently, you may be more interested in a policy that covers your personal possessions and valuables, such as laptops, outside your home and even abroad.

Some policies include cover for sheds, outbuildings and gardens as standard, while for others this is only an optional extra. The same is true for accidental damage cover.

It is vitally important to find a balance between the level of cover provided and a monthly premium you can afford. Whatever you need from your buildings and contents insurance, it always pays to do the research to ensure you get the best Home insurance for you.

Compare the best Home Insurance companies online with Drewberry.

Compare Top UK Home Insurance Providers

The below information describes the top tier of Home Insurance policy available from a selection of leading UK Home Insurance providers.

The AA

The AA

The AA was founded in the UK in 1905. Today, the company provides general insurance (including Home Insurance and Car Insurance), breakdown cover, motoring advice and road maps.

The AA Home Insurance Plus

  • Maximum contents cover – Unlimited
  • Maximum buildings cover – Unlimited
  • Maximum personal possessions cover – £5,000 per item‡†
Admiral

Admiral

Admiral provides financial services and products in the UK and overseas. Although best-known for its multi-award winning car insurance, Admiral Home Insurance is its second-most popular insurance.

Admiral Platinum Home Insurance

  • Maximum contents cover – £150,000
  • Maximum buildings cover – Unlimited
  • Maximum personal possessions cover – £1,000 per item (optional advanced limit of £10,000 per item)

 

Aviva

Aviva can trace its origins back to 1797. The company today was formed from the merger of Norwich Union and CGU PLC in 2000 and it offers a wide range of financial products and services, including Home Insurance.

Aviva Home Insurance

  • Maximum contents cover – Unlimited
  • Maximum buildings cover – Unlimited (for properties with up to 5 bedrooms)
  • Maximum personal possessions cover – £2,000 per item
The co-op bank

The Co-Operative

Co-op Home Insurance is provided by the Co-operative Bank, the banking and financial services arm of the Co-operative Group. The Group was founded in 1844 as a retailer and has since expanded considerably into financial and insurance service, as well as funeral care.

Co-op Home Insurance

  • Maximum contents cover – up to £80,000
  • Maximum buildings cover – £500,000
  • Maximum personal possessions cover – £2,000 per item as standard
Hastings Direct Home Insurance

Hastings Direct

Hastings Direct is a trading name of Hastings Insurance Services Ltd, a UK company providing general insurance online and by phone. Hasting Insurance Services joined the Hastings Group in 2009, having been purchased from its parent Australia Insurance Group. The company offers car, bike, van and Home Insurance.

Hastings Direct Home Insurance

  • Maximum contents cover – £75,000 as standard*
  • Maximum buildings cover – £1 million
  • Maximum personal possessions cover – £10,000 per item
John Lewis Finance

John Lewis

John Lewis Premier Home Insurance is the best Home Insurance John Lewis offers (other tiers include Essential and Plus, which offer lower levels of cover). John Lewis Finance is part of the John Lewis Group, most famous for its UK department stores, which are entirely owned by its staff.

John Lewis Premier Home Insurance

  • Maximum contents cover – Unlimited
  • Maximum buildings cover – Unlimited
  • Maximum personal possessions cover – £3,000 per item
Marks & Spencer Home Insurance

Marks & Spencer

M&S Bank is the banking arm of multinational retailing giant Marks & Spencer (M&S), which is most famous for its UK high street department stores. Give your home the protection it deserves, with M&S Home Insurance. If you buy a new policy online you’ll receive a 20% discount (subject to minimum premium, excludes renewals and optional extras). M&S Bank has carefully selected Aviva Insurance Limited to underwrite this quality home insurance.

M&S Premier Home Insurance

  • Maximum contents cover – Unlimited
  • Maximum buildings cover – Unlimited
  • Maximum personal possessions cover – £15,000 per item
RAC

RAC

RAC began as a provider of motoring services and has since expanded to offer insurance products beyond simple motoring-related products. RAC has a comprehensive Home Insurance offering and in 2017 received the Consumer Intelligence Award for being one of the top 10 most trusted companies in the UK.

RAC Home Insurance

  • Maximum contents cover – Limit determined by underwriting
  • Maximum buildings cover – Limit determined by underwriting
  • Maximum personal possessions cover – £1,500 per item
† maximum available online | *can be upgraded for an additional fee | ‡ items exceeding this limit can be covered by valuables cover | Terms, conditions, exclusions and limitations apply

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Drewberry’s Best Home Insurance Tips

  • Make sure you have the correct locks – many insurers specify the security your home needs to have against the risk of burglary/theft, so ensure your security meets the minimum specified in the policy and always lock doors and windows when you’re away from home.
  • Consider a burglar alarm – homes with burglar alarms are often subject to reduced Home Insurance premiums because of the lower risk from theft.
  • Decide whether accidental damage claims are worth it – if the damage only comes to a few hundred pounds and is little more than your excess, consider whether it’s worth making a claim and potentially seeing your premiums rise the following year as a result.
  • Check the small print for personal possessions/valuables definitions – most Home Insurance companies require you to individually submit items worth over a specified limit to them to be insured individually. These won’t be covered under ‘personal possessions’ if they’re too expensive and so you could lose out if you fail to insure an item correctly.
  • Beware limits on alternative accommodation – some policies impose a cash limit or a stay of a certain number of nights on their alternative accommodation. That means if your house is severely damaged, you may not be able to remain in your alternative accommodation long enough for it to be fixed. Also check whether the policy covers your pets; not all do and could require you to pay out of pocket for boarding your pets while you have work done on your home.
  • Check whether you need listed buildings cover – if you live in an old house, it’s your responsibility to check whether or not the building you live in is listed, which may require a specialist insurer to cover it. Many insurers don’t cover listed buildings on standard policies due to the added expense of repairs.

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The following factors will affect the cost of your house insurance policy.

How Much Does the Best Buildings and Contents Insurance Cost?

Siobhan Paul, Independent Protection Expert at Drewberry

No two Home Insurance policies will cost the same because there are so many deciding factors that influence how your policy is priced.

For that reason, we’ve included below some of the main things that insurers and underwriters will consider when trying to price your policy.

Siobhan Paul
Independent Protection Expert at Drewberry

  • Your address: Your address can tell your insurer a lot about your home, the likelihood of claiming on your policy, and the cost of your claims. For example, if you live in an area that tends to get exceptionally cold, your insurer may increase the cost of your policy to balance the increased risk of your home’s pipes freezing in the winter.
  • Type of building: Different types of buildings have different types of risks that may affect your policy’s cost. If you live in an old house, you are more likely to encounter issues with pipes and pests, which may add to the cost of your Home Insurance policy. If you live in a larger, expensive house then the best Home Insurance policy for you may be one with unlimited buildings cover.
  • Excess: This is an option to add to your policy that means that you will agree to pay a certain amount per claim to cover the cost of any loss or damage covered by your policy. By increasing the amount of excess that you are willing to pay, you can reduce your Home Insurance premiums.
  • Security: Some insurers will not supply you with an insurance policy unless the security of your home meets a certain standard. Meanwhile, insurers will also price your insurance policy depending on how secure your home is. For example, if you have a burglar alarm installed in your home, you may have the cost of your insurance reduced slightly.
  • Contents Value: Most insurers will allow you to choose the level of contents cover you need for your home, but if the contents of your home are highly valuable you inevitably need to pay more for your cover. If you want your home’s contents insured, the best Home Insurance will include unlimited contents cover, although there will often be a limit on how much you can claim per item.
  • Living Situation: Having children or pets in the home may increase the cost of a policy because they have a tendency to damage things. In addition, the number of people living in the home and amount of time that you regularly spend in the home could affect the cost of cover.
  • Claims History: If you are renewing your Home Insurance policy, the number of claims that you have made and their severity will influence the new cost of your premiums.

You may find the cost of your Home Insurance going up over time. This is because certain factors as well as your increased risk of claiming will affect the cost of your policy, such as inflation, the insurer’s financial situation, and the increase of Insurance Premium Tax.

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Home Insurance cover definitions and tips

Best Home Insurance Definitions

Buildings Cover

Contents Cover

Accidental Damage Cover

Personal Possessions Cover

Valuables Cover

Matching Sets Cover

Alternative Accommodation

Family Legal Cover

Home Emergency Cover

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