How do I get cheaper student contents insurance?
There are a few ways you can get cheaper contents insurance for students:
- Pay annually, if you can
- Build your no-claims bonus
- Check your security measures
- Compare prices
Pay annually, if you can. It might seem easier to pay for your insurance monthly, but be aware that insurers often charge interest for that. If you can afford to pay in one lump sum you should end up paying less overall.
Build your no-claims bonus to get a cheaper deal. If you can go a year or longer without claiming, your insurer might offer a no-claims bonus each time you renew. If it’s your first time getting contents insurance then this won’t apply.
Check your security measures. It's important you have the correct door locks and window locks. This should help minimise the risk of break-ins and could help reduce your insurance costs.
Compare prices and shop around as this could save you money. Comparing like-for-like student contents policies could help you find the best deal in minutes and with minimal effort. It’s the easiest way to save money on your student contents insurance.
What our home insurance expert says:
It's common to assume that when you're at uni, your belongings will be protected by your parents' contents insurance policy. This isn't always the case.
You shouldn't rely on your university accommodation or landlord to protect you either. They usually only offer a basic level of insurance, which might only protect a small range of possessions.
If you're in any doubt about what you're protected against, check any policies you already have. But be aware it might not offer all the cover you need. Make sure you have sufficient contents insurance in place for added peace of mind.
Home Insurance Product Manager
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You can sometimes get room key cover as an add-on to your policy. If you lose your key, it should cover the cost of calling out a locksmith and replacing the locks.
Each policy will probably have a single item limit. This is the maximum you can claim for one item, and it’s normally £1,000. If you have expensive items worth more than this while you’re at university, ask your insurer if you can arrange additional cover.
Some examples of high-value items include:
- High-powered gaming laptops and desktop PCs
- Heirlooms and expensive jewellery
- Musical instruments
- Sports equipment
If you live at home with your parents, your possessions should be covered by their contents insurance policy. But check the T&Cs and find out whether pricey gadgets like laptops and phones are covered when you’re out and about.
That depends on a number of things, including:
- Where you’ll be studying
- The type of property you’re living in
- The accommodation’s security
- The value of your belongings
- Whether you want extras like accidental cover or cover for personal possessions away from home