One of the good things about being over 50 is you’ll often receive better home insurance prices than someone younger. Insurers may see the over 50s as more experienced home owners, giving you a ‘low risk’ status.

If you’re 50 or over then you can benefit from getting a quote with a specialist provider. We compare quotes from a wide range of companies including Rias and Saga who both specialise in home insurance for your age group.

Our data shows that the average price of home insurance for over 50s is £119*- that’s £26 cheaper than those under the age of 50. Insurers don’t just take age into consideration when calculating your premium, however. They also look at the value of your contents and how much buildings cover you require.

If you’re unsure how much contents cover you need then our contents calculator can help you.

Home insurance falls into three categories - buildings, contents, and combined buildings and contents insurance policies. Buildings insurance covers the bricks and mortar of your home, and contents insurance covers your belongings.

Typically, contents are anything you can pack up and take with you if you move home, such as furniture, clothes, and TVs.

Taking out a combined policy could help reduce the cost of home insurance, but they’re usually only suitable if you own your home. They insure your property against damage, but also cover your belongings under the same insurance policy.