Over 50s home insurance

Although home insurance is generally cheaper for homeowners over 50, there are still ways you can save.

• Pay annually rather than monthly. It almost always works out cheaper to pay annually for your insurance if you can. This is because insurers add interest when you choose monthly payments. You could save 6%³ by choosing to pay annually.
• Increase your voluntary excess. This is the amount you have to pay towards any claims. Typically, the more you're willing to pay, the lower your insurance could cost. Just make sure you set it at a level you could afford if needed. The most common excess with our customers is £250³. Setting your excess at this level could save you 11%³ on your insurance compared to having no excess.
• Compare quotes and shop around. Even if your renewal price hasn't increased much from last year, you might still find a better deal by shopping around.

• Consider a combined home insurance policy. It usually works out cheaper to buy combined buildings and contents insurance rather than buying separate policies from different providers. Choosing a combined policy could save you £162³ compared to buying separate buildings and contents insurance.
• Build your no-claims bonus (NCB). Every year you go without making a claim on your home insurance, you get a year added to your NCB. Insurers offer a discount for your NCB. The more years you have built up, the bigger your discount could be.
• Improve your home's security and you could see cheaper prices. Having secure door locks and a burglar alarm can reduce the risk of burglary.     

³Based on Confused.com data January - June 2023

Over 50s cover often comes with a range of benefits you don't normally see on a standard home insurance policy.

Depending on your policy details, these can include:

• Higher levels of cover as standard, with extras you might normally pay for included at no extra cost. Single item limits may be higher too.
• Extended unoccupied home cover for longer than the usual 30 days, making it easier to spend time away from home.
• Cover for mobility aids like scooters, stair lifts or electric wheelchairs.

You might also have a wider range of insurers to choose from. There are specialist providers who only offer insurance to over 50s, such as Saga and RIAS.

You aren't limited to these specialist policies either - you can buy a standard policy too, and you might still pay less than younger homeowners.

When you get a quote, we'll show you prices from both specialist and standard insurers. So you can be sure you're making the right choice and getting the best price available to you.

• We're 100% independent. We're not owned by any insurance company, so we'll always show you our best available prices no matter who they're from.
• UK-based customer support from our team in Cardiff. If you need help, visit our contact page to get in touch.

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