How do I get cheaper tenants insurance?
If you’re looking for a cheap tenants insurance policy, there are a few things you can do to reduce the cost of your premium:
- Improve your home security
- Pay a higher excess
- Install flood barriers
- Pay for your insurance annually, if you can
- Compare tenants insurance
Improve your home security measures by installing a burglar alarm or keeping valuables locked up. This could help to reduce the likelihood of theft, and insurers may lower your price. But before you install anything, check with your landlord because you might need their permission.
Pay a higher excess towards a claim. This shows insurers that you’re likely to claim only if there’s a good reason. Check out our guide on voluntary and compulsory excess.
Install flood barriers, if you live in an area prone to flooding. Get your landlords permission first – it may be something they can help arrange.
Pay for your insurance annually, if you can. Insurers usually charge more for monthly instalments so paying in one go could help you get cheaper tenants insurance.
Compare tenants insurance policies by shopping around to find the best deal for your needs and budget.
What our home insurance expert says:
You might assume that it’s your landlord’s responsibility to replace your belongings in the event of a break-in. This isn’t the case. If you’re renting and want to protect your belongings from theft or damage, you’ll need contents insurance for renters.
Home Insurance Product Manager