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Contents insurance protects your belongings and will pay out to replace your household items if they are they are stolen, or damaged in events like a flood or a fire.

Tips to get cheaper contents insurance

Contents insurance protects your belongings. It will pay out to replace your household items if they are they are stolen, or damaged by an event like a fire or flood.

Contents insurance is different to buildings insurance, which only protects the structure of your home. Buildings insurance does not cover any items within the home.

You can apply contents insurance as an individual policy, or with a buildings insurance as a combined policy.

You should keep the following in mind to keep the cost down

  • Pay annually rather than monthly.
  • Avoid auto renewing.
  • Only pay for what you need.
  • Improve your home security.
  • Watch out for admin charges.

Combine comparison sites for cheaper deals

Spend some time researching what packages other providers can offer so you can compare costs and find the best price.


Make your provider aware that you’re keen to stay as a customer, they’ll want to try and keep you onboard so they may investigate applying discounts or other ways to reduce your payments.

Ensure the policy’s right for you before accepting

Read the terms and conditions to make sure you’re happy and check the provider is regulated by the Financial Conduct Authority.

If you have a claim unfairly rejected, you have a right to escalate any complaints to the free financial ombudsman if the insurer doesn’t deal with them.

Please note BudgetSmart has been created to provide you with information but it’s important to always do your own research too. Whilst BudgetSmart contains links to third party websites we think you might find useful, PayPlan is not responsible for any external content or any actions you take when accessing these links/websites