Looking for Cheap Contents Insurance?

Contents insurance is one of the two main types of home insurance. It covers the contents of your house – your prized possessions – in the event of loss, damage or theft. Contents cover can also protect your belongings from events outside your control, including fires, theft, storms, floods, the movement of the ground below the property (aka subsidence) and water leaks. 

Home contents insurance policies can cover all sorts of items, including: 

• Gadgets (ie phones and tablets) 

• Electrical items (ie TVs, laptops, hi-fis)

• Money and financial documents

• Furniture

• Clothing

Especially valuable items need to be mentioned separately, including:

• Bikes

• Computer equipment

• Jewellery

It’s important to estimate the value of your contents correctly, because that's the total your policy will be able to pay out. A good approach is to go through each room slowly, making an inventory of all your possessions - as they can add up to more than you think. Be sure to include items in the loft, or stored in the garden shed or garage.

The average cost of contents-only insurance is £66 compared with the average combined cost of contents and buildings insurance of roughly £147, according to data from November 2019.

The best way to tackle rising contents insurance premiums is to shop around and see if you can find a cheaper policy elsewhere, instead of auto-renewing. Premiums can vary considerably between insurers, so it's important to review quotes. Make sure you check ‘like with like’ – and be clear about the level of cover you need. And don't forget to shop around when it's time to renew, as your existing insurer will not necessarily offer the cheapest quote.