Twitter Facebook RSS FEEDS

Monthly home insurance premiums cost you more

Tuesday, 20 September 2011 3:16 PM

Home owners who pay their home insurance premiums in monthly instalments can
expect to pay almost 12 per cent more than if they pay in one go, according to a
research by Moneysupermarket.com.

The comparison website found that monthly instalments cost an average of 11.89 per
cent on top of the original premium but that shopping around for the best deal can
reduce the extra cost to 5.36 per cent and in some cases nothing.

Pete Harrison, insurance expert at Moneysupermarket.com, said: "Paying for home
insurance on a monthly basis is a great way to help manage the household budget.
Homeowners need to be aware, however, that choosing to manage their finances in
this way can come with an additional price tag. While not all providers charge an APR
for those wishing to pay by monthly instalments, it's essential to search the whole
market to see who does charge, and what percentage they ask for, before comparing
this against the rates from those who don't."

One way to save is to use a zero per cent purchase credit card to pay the premium in
one go but Moneysupermarket.com cautions that consumers need to ensure that they
pay off the balance within 12 months.

    Tags:

Related stories

AA Insurance report more theft claims over the last year.

Home insurance premiums reach new highs

Survey by AA Insurance shows 11 per cent average rise in cost of buildings, contents and combined policies in 2011.

 Row of houses with beams

Cost of home insurance falls slightly

Following two years of escalating premiums, the cost of buildings and possessions insurance policies appears to have fallen slightly.
One in ten customers who make claims for lightning damage claim a second time within five years, according to confused.com.

Home insurance claims for storms surge

Make sure you check your insurance cover for bad weather, says Confused.com.

 Primary schools in the East Midlands produce the biggest premium. Image:Thinkstock

Homes near top primary schools cost £91,000 more

Parents are willing to pay a premium of 42 per cent more for homes in the right catchment area, finds PrimeLocation.com.

Gas and electricity bills have risen by an average of £218 over the year. Image:Thinkstock

Soaring fuel bills drive up cost of owning a home

Cost of owning and running a home is highest for four years despite fall in mortgage payments, says Halifax.

 Nothing to worry about if you have a survival condo. Image:Thinkstock

World ending in 2012? Here's a home to keep you safe

If the world is due to end in 2012 then you might like to be buried deep under Kansas in one of these luxury survival condos. Who says the apocalypse needs to signal the end of beautiful fitted kitchens?
UK home insurance prices spike Image: Thinkstock

Surrey and Scotland hit by home insurance spike

The south of England and Scotland's leading cities have seen home insurance premiums increase dramatically in just over a year.

 Guernsey was hit by a substantial home insurance premium increase. Image:Thinkstock

Jersey is biggest home insurance premium winner

Jersey sees biggest fall in premiums while neighbouring Guernsey sees biggest rise.
Buyers beware of hidden costs

Buying a home 'costs more than you think'

House purchases regularly go way over budget, money.co.uk has said.

 Home buyers frustrated by gazanging, where sellers get cold feet and decide to stay put, says study by In-Deed. Image: Thinkstock

Home buying: have you been gazanged?

More home sales falling through when seller gets cold feet and decides to stay put, says new study.

Search property

Headlines

Directory

Alaris

Alaris Logo
Alaris specialise in quality Bathrooms and Kitchens along with many other unique products for your home. The range of kitchens, kitchen worktops and bathrooms is extensive and the highest quality so you are sure to find what you want. New bathroom furniture, bathroom suites, taps, showers and cabinets are added regularly.

Bathrooms365

Bathrooms365 Logo
Bathroom365 supply all areas of your new bathroom - leading-edge designed bathroom suites, stylish bathroom taps and showers, all styles and forms of shower enclosures and a vast collection of bathroom furniture.

Fitmykitchen

Fitmykitchen Logo
Fitmykitchen are specialist suppliers of kitchen appliances, sink taps, waste bins and furniture. So whatever you want from kitchen sink taps to waste bins look no further than fitmykitchen, UK, the specialist suppliers of kitchen appliances, stainless steel sink taps, waste bins and kitchen furniture.

MyStampDuty

MyStampDuty Logo
We help people buying property all over the UK to minimise Stamp Duty Land Tax on residential and commercial property. If you are looking at purchasing a new home or business premises over £500,000, contact us today by completing the form on the right

Oak Furniture Land

Oak Furniture Land Logo
For hardwood furniture, including Solid Oak, Mango, Mahogany, Sheesham, Acacia, Ash and Birch, look no further than Oak Furniture Land.

Rated People

Rated People Logo
Whatever type of home improvement or garden remodelling project you have, Rated People can help you to identify the right tradesmen for the job in a way that is quick, easy, convenient and, as it is based on real-life recommendations, trustworthy.

Residential Land

Residential Land Logo
If you are looking for short or long term rentals in Central London, Residential Land have a portfolio of over 1200 flats and houses in the best postcodes across the Capital.

Simply Bedrooms

Simply Bedrooms Logo
Simply Bedrooms, a part of Sleepwell Bedrooms Ltd, supplying quality beds, wardrobes, sliding door wardrobes and bedroom furniture at low prices and great service, London and Home Counties Specialists.

Door Handles UK

Door Handles UK Logo
Door Handles UK is the UK's largest online range of Door Handle accessories, Door Hinges, Locks and Latches and so much more and all at genuine internet prices. We have a wide range of Chrome, Brass and Glass Crystal Mortice door knobs in both traditional and contemporary designs, whatever your taste and budget you will find a design to suit.

Woodlands Furniture

Woodlands Furniture Logo
We are an established family business situated in rural Herefordshire specialising in beautiful handcrafted classic reproduction furniture. Our comprehensive ranges are readily available from stock.

WowBBQ

WowBBQ Logo
Welcome to the World of Weber. We are the largest independent online Weber BBQ retailer in the United Kingdom. WOWbbq.co.uk is a Weber Partner Store and can give you the best advice for all your Weber BBQ needs.

Join our directory aboutproperty.co.uk

Twitter

Join the conversation at #aboutproperty

Directory articles

A guide to finding the right kitchen sink

When redesigning a kitchen or giving the room a makeover, it is important not to forget about the less obvious aspects of the space. Kitchen sinks are an essential fitting, but often overlooked, despite the fact there is a wide choice of styles available.

Useful tips to help find a flat in London

Looking for flats in London can be a frustrating process, given the capital's size, demand for rental accommodation and varying prices. It is vital, therefore, that you do plenty of research and act quickly to ensure you get the place that you want.

What do you need to consider when buying a mattress?

If you looking for a new mattress, you need to get the decision right, as getting it wrong could impact on your overall health and wellbeing. As well as comfort and size, you also need to consider other points, such as any health issues you may have.