The Best Home Insurance of 2018 - Best Money Saver

1st November 2018by Chloe Dickenson

Home insurance quotes depend on a number of different factors and there’s so many home insurance providers throughout the U.K.

When looking to purchase home insurance, you have to think about many things and consider a lot of options. In order to do this, you need to be organised and you need to know what to actually look out for.

Not only are there different types of home insurance such as building and contents insurance, but there’s also a plethora of places to buy your home insurance from.

We’ve put together a guide on the best home insurance of 2018 and also a helpful list that you can use when comparing different providers to see if they tick all of your boxes.

Home insurance provider Online discount Contents Building
20% Unlimited Unlimited
Varies Varies Varies
N/A Up to £150,000 N/A
N/A Up to £100,000 Up to £1 million
20% Unlimited Up to £2 million
20% £100,000 Unlimited
N/A £100,000 Unlimited

M&S Bank

M&S Bank always offer their insurance customers amazing benefits, and their home insurance policies are no different. They also have unlimited contents and building policies available.

Monthly payments

When you buy your home insurance with M&S Bank, you’ll have the option to pay monthly at no extra cost to you. You’ll also be able to enjoy 0% APR representative!

20% online discount

M&S Bank always like to reward their customers so when you purchase home insurance with them online, you’ll receive a 20% discount on your policy!

Pros

  • Indoor or outdoor security camera when you purchase a new combined buildings and contents policy
  • Cover against fire, flood, storm and water damage
  • Offers you alternative accommodation if your home is unusable due to extreme circumstances

Cons

  • Some of their offers are for a limited time only

Verdict

M&S Bank should be definitely at the top of your list when comparing home insurance providers as they can offer you some of the best deals in the industry.

Quotezone

With Quotezone you can get instant cheap home insurance quotes at just the click of a button. You’ll also be able to compare over 40 different U.K. home insurance providers so that you’ll be well-equipped with plenty of information to help you make your decision.

Payment flexibility

Quotezone gives you different options on how to buy your home insurance; you can either pay online or buy it by phone which is a completely hassle-free process. There are also monthly and yearly payment plans available for your convenience.

Unbiased and thorough comparisons

As Quotezone isn’t owned or controlled by any one single insurance company, you can rest-assured that the information they give you is totally unbiased; making your decision more well-informed and accurate.

Pros

  • Quotes for houses, flats and bungalows
  • Flexible payment options
  • Safe and secure to use online or on the phone

Cons

  • Potentially too many providers to search through so it could be overwhelming if you don’t narrow down your search

Verdict

Quotezone is reliable and informative and can help you to make an unbiased decision on which insurance provider you should go for.

Admiral

Admiral are a trusted home insurance provider and are one of the very best in the business. With three levels of cover available and flexible extras to be added, Admiral should definitely be a contender for your home insurance policy.

Unlimited buildings cover

With Admiral, you can benefit from unlimited buildings cover with all three of their policies (Admiral, Admiral Gold and Admiral Platinum).

Optional extras

As well as standard cover for things like bicycle cover, unlimited buildings cover and upwards of £50,000 contents cover, you can also choose to add on extras to your policy. Some of the optional extras include family legal protection and accidental damage.

Pros

  • Five star rated Platinum Home Insurance 2018
  • Flexible and customisable cover
  • Unlimited buildings cover

Cons

  • Varying Contents cover across their three levels of cover

Verdict

Admiral are considered to be one of the best in the business for a number of reasons. They’re 5 stars rated and can help you to choose a home insurance policy that works for you.

Policy Expert

One of Policy Expert’s incredibly unique features is that your home insurance doesn’t go up each year; they offer a fixed price until 2020! They also have a number of other excellent benefits and features available to you when you buy a home insurance policy with them.

U.K.’s number 1 home insurance provider

Due to excellent customer service, Policy Expert has been awarded the number one spot on Review Centre’s list of home insurance providers in the U.K. This is obviously an excellent position to be in so you can guarantee that you’re going to receive only the very best from Policy Expert.

Optional extras

Alongside the standard cover you can expect from your insurance policy with Policy Expert, you also have the option to add extras onto your policy such as legal expenses, key cover and accidental damage.

Pros

  • Top rated on Review Centre
  • Add on policies and extras available
  • Great savings and an easy to use quote process

Cons

  • No online discount available

Verdict

With their two year fixed price home insurance policies as well as flexible payments and policies to choose from, Policy Expert is a great contender for your home insurance provider.

Aviva

Aviva are well-known for their different insurances including home, car and pet insurance. Their home insurance is renowned as one of the best in the industry. This is due to a number of factors such as their 5 star rating and excellent customer service and assistance.

Defaqto 5 star rated

One thing that you can be sure of with Aviva home insurance is that you’ll be getting excellent customer service and 5 star Defaqto rated home insurance cover.

24/7 assistance available

Regardless of the time of day, whenever you have a question about your home insurance, you can rest-assured that there will be someone available to answer your call 24/7.

Pros

  • The expert team will be with you within 2 hours of your call if your home is broken into.
  • Claims team available 24/7
  • Save up to 20% when you buy online

Cons

  • More expensive for additional cover extras

Verdict

Aviva is well-known for being an industry leading expert with regards to their home insurance policies.

Tesco Bank

Tesco Bank provide 5 star Defaqto rated home insurance, and whether you need buildings or contents insurance, or both, you can rest-assured that Tesco Bank will help you to get the most out of your home insurance.

Unlimited buildings cover

With Tesco Bank, you can expect unlimited buildings cover as standard; meaning your home can be fixed, rebuilt or repaired regardless of whether it’s your home’s structure, fittings or fixtures that needs work.

Tesco Clubcard discount

If you’re a Tesco Clubcard member then you can always guarantee that you’ll get a discount, even if you’re only renewing your cover and are not a brand new customer.

Pros

  • 20% discount when you buy online
  • New-for-old contents cover
  • Alternative accommodation if your home is temporarily inhabitable

Cons

  • Only £100,000 contents cover

Verdict

Tesco Bank is a great option for your home insurance policy. You’re guaranteed to get excellent discounts and amazing benefits, especially if you’re a Clubcard member.

Churchill

You can get Churchill home insurance from just £100 for both buildings and contents cover; as well as the option to add extras onto your policy.

Two home insurance products

Churchill offers two home insurance products to choose from; the standard home insurance and then the Home Plus whereby any extras are included for an additional price.

12 month guarantee

Another great feature that you can expect from Churchill home insurance is a 12 month guarantee on all building works that have been approved by Churchill’s repairers.

Pros

  • Only pay for one policy excess even if you’re claiming under both Buildings and Contents insurance
  • New for old cover
  • 24 hour legal advice line

Cons

  • No discount for buying online

Verdict

Churchill should definitely be on your list of home insurance providers as they offer a great range of deals and added extras to benefit from.

Buyers guide

Make sure to pay attention to the different types of home insurance as well as everything that’s included in your policy so that you can ensure you get the best value for money.

What type of insurance do you need?

There are two different types of home insurance; buildings or contents. Some people may even wish to purchase both so that they’re fully covered for every eventuality.

Contents insurance covers your personal belongings and will pay to replace all the things inside your home if they’re destroyed in the event of an earthquake or fire, for example.

Buildings insurance on the other hand involves cover of the actual building itself as well as the permanent fixtures and fittings. If the foundations of your home are destroyed, then your buildings insurance will pay to rebuild and fix things.

You only need both types of insurance if you have a mortgage, whereas if you rent a place then it’s the responsibility of your landlord to take care of buildings insurance, and you will be responsible for the contents insurance as the tenant.

Types of contents insurance

Choosing the right level of contents insurance cover needs to be worked out beforehand so that you can determine how much you want to be covered for.

There are different methods to determine the level of contents cover you require; bedroom rated, sum insured, and unlimited sum insured.

Bedroom rated contents insurance involves working out how many bedrooms are in your house and then you can ensure that your policy covers everything inside each room.

Sum insured is where you pay for a specific amount of insurance that’s based on the value of the contents inside your home. This figure needs to be calculated pretty accurately to determine how much all your belongings are worth.

Unlimited sum insured is when you’re not quite sure of the value of all your contents so the amount that you will have to pay on a claim is likely to be very high.

Types of buildings insurance

Buildings insurance is particularly useful to have as it will ensure that you’re totally covered for the cost of rebuilding your home if it’s damaged in an unforeseen event.

Bedrooms vs value buildings insurance involves either working out an estimate for rebuilding your home based on the number of bedrooms, or the other option is to quote a specific value so that your insurance provider knows exactly how much it will cost to rebuild and fix your home.

Index-linked buildings insurance policies are often considered to be the best option as they increase in line with inflation, so you can rest-assured that you’ll always have the cover you need.

Check for the excess cover

Excess cover is the amount that you’re expected to pay for yourself towards the value of any claim you make. A lot of home insurance policies have a minimum excess and are usually priced at around £100, but this number varies from different providers.

Reduce the cost of your home insurance

There are a number of things you can do to try and reduce the amount you pay for your home insurance. These include:

  • Increasing security – adding things like locks, security lights and alarms can all help to reduce the risk of break-ins
  • No-claims discounts – if you haven’t claimed on your home insurance for a number of years then you’re probably due your no-claims discount
  • Shop around and compare providers!
  • Don’t ever put it off – while it might not be the most riveting activity to endure when you move into a new home, it’s still imperative to have great home insurance so that you’re fully covered for every eventuality

Comparing home insurance providers can be a long-winded and complicated process and you’re going to need a bit of help with deciding which policy is the best one for you and your home.

Consider things like the value of your home and its contents, as well as any discounts or extra benefits you can enjoy from your home insurance provider. Many insurers may even offer loyalty programs and rewards whereby you can receive free gift vouchers and discounts on purchases.

Pay attention to the various policies that are being offered to you, and make sure you keep note of everything you need to know before making a final decision on your home insurance.