Ways to save on house insurance
Buying a house is a big investment. Once you've committed to a mortgage and legal fees, it's tempting to go with the cheapest insurance, but it's really important to have the right sum insured.
Here are some tips to help you save on your house insurance premiums while maintaining adequate cover.
There's a lot to consider when looking for a house insurance provider. You need to make sure they're the right fit for you and your needs. Things like the company's history and reputation, their financial strength, their ethics and sustainability practices, and what their policies cover, may all be important considerations for you.
With the cost of living increasing, you're probably also looking for house insurance savings. Not having the right sum insured can be very costly if you need to claim, so it's important you're smart about how you save.
We've put together a guide below to help you make the most of any savings on offer while maintaining the right level of cover for you.
Tower's multi-policy discount means that if you buy multiple car, house, contents, landlord, or boat policies with us, you can save up to 20% on eligible policies¹. You can:
- get up to 10% off¹ if you have two eligible policies with Tower.
- get up to 20%¹ off if you have three or more eligible policies with Tower.
Your premium will be cheaper, and you'll only pay one excess when claiming on multiple policies for a single incident at the same address². This means further possible savings at claim time. Plus, you have the convenience of only dealing with one insurer.
Existing customers can buy more policies on My Tower.
New customers can get multiple new policy quotes all at once online.
You can pay your annual insurance premium in a lump sum, this one's another great saving with no compromise on your cover. Tower offers a discount on your premium if you choose to pay in full annually, instead of making monthly or fortnightly instalments.
Existing customers can change when they pay on My Tower.
When you're setting up a new policy or switching to Tower, you can often save by purchasing an eligible policy online during a promotion period. Check out our homepage to see our latest online offer and hit the Get a Quote button to make the most of it.
Increase your excess
Your house insurance policy has an excess, which is the amount you need to pay if you make a claim and it's accepted. Increasing your excess will reduce your insurance premium. Keep in mind that you'll pay more if you make a claim, so make sure you can afford to cover your chosen excess.
Existing Tower customers can easily adjust their excess via My Tower.
Select the right cover
Most insurers offer different levels of cover for house insurance, so you can choose the policy that's right for you based on your needs and budget.
Tower offers three house insurance policy options: Standard, Plus, and Premium³.
- Our Standard house insurance policy is there to cover the essentials. This is a great option for those who are budget-conscious or just want to be covered without the extras.
- Our Plus house insurance policy provides the essentials but includes more benefits and higher limits.
- Our Premium house insurance policy is our highest level of cover. It's great for customers with high-value homes or those who want the confidence of more benefits and higher limits.
If you are unsure which house insurance policy is right for you, check out Tower's house insurance buyers' guide or speak to one of our staff on 0800 847 009.
The most important thing is to make sure you have enough cover for your home when you need it. If you're not sure of the best way to make savings. or you're having trouble making your payments, don't hesitate to give us a call.
² Policy terms, conditions and exclusions apply.
³ This is a summary only. Please make sure you read the policy wording to understand the terms, conditions, limits, and exclusions that may apply.