Home insurance renewal means sticking with your current insurer when your policy comes to an end. But you could end up missing out on saving money or get better cover by switching.
Let’s look at both options, so you can decide what’s best for you.
How do I renew my home insurance?
When your home insurance is nearly up, you’ve got 2 choices:
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Let it auto-renew: Most policies just roll over unless you opt out. If you’re happy with the price and cover, then job done; there's nothing else to do.
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Switch to someone new: If you've found a better home insurance deal, you can switch once your current policy ends.
Should I renew my home insurance or find a new provider?
It's up to you. There are benefits and things to keep in mind for both options. Here’s how to work out whether to stick with your current home insurance provider, or try someone knew.
Renewing your home insurance: the pros and cons
Pros
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It's easy: Let it roll over and you’re covered for another year.
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Same cover: You’ll likely get the same level of protection when you auto-renew. It's worth checking the T&Cs just in case there are any changes.
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You know what you're getting: If you're happy with the cover and the customer service from your current insurer, then staying put might be a good option.
Cons:
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You might end up paying more: Insurers often increase the price of your cover at renewal.
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Your details could be out of date: If you’ve renovated or treated yourself to new high value items, you need to make sure it’s all covered.
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You might miss better deals on: You could be missing out on more comprehensive cover with better features than what you're getting now. If you don't compare, you won’t know what's out there.
Switching to a new insurer: the pros and cons
Pros:
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You could save money: Shopping around can often lead to you finding the same cover for a cheaper price.
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Cover suited to your current needs: Switching to a new policy will mean your policy is based on your current needs and up-to-date details.
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Comparing quotes takes minutes: It's worth doing a quick comparison to check what's out there, and there’s no pressure to commit.
Cons:
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It takes a bit more effort: But not much. We compare quotes from up to 79 UK insurers all in one go.
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Cover might be different: Double-check what’s included, especially any extras your old policy had.
When's the best time to start looking for a new provider?
Roughly three weeks before your renewal date is usually the sweet spot to renew. This should leave you plenty of time to compare your options and to help avoid making any rushed decisions.
I've decided to renew my home insurance. What should I check?
If you’re happy to renew, take a minute to make sure your cover still matches up with your needs:
Have you bought anything new?
If you got new expensive contents like a TV or jewellery, make sure it’s covered on your policy, especially if it’s worth more than your single item limit.
Had any life changes?
Having a baby or getting a furry companion can affect your insurance or change your risk level; it's best to keep your insurer updated.
Does home insurance always renew automatically?
Not always. Some insurers let you opt out, but many will simply roll your policy over.
If you don’t want it to renew, contact your insurer before the end date to cancel.
If you’re planning to switch, make sure there are no gaps in your cover, so you're not left uninsured if anything happens.
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