Save money on your insurance

To find out how much you could save by switching your insurance providers, look at your insurance policies and write down the following details:

•  name of supplier

•  monthly premium

•  annual premium (monthly premium x 12)

•  no claims discount (years or %)

Alternatively, you could download the insurance table from the Rip Off Britain Guide to Getting a Good Deal. It's available in two formats:

Shop around for cheaper house or car insurance each year using comparison sites. You can also compare quotes by contacting insurance companies directly. Some insurance companies aren’t included on comparison sites.

It’s important that you make sure you get the right cover for you at the right price – not just the cheapest policy.

It’s important that you make sure you get the right cover for you at the right price – not just the cheapest policy.


•  read the small print – always make sure you know what is and isn’t covered when you buy insurance. Look out for extras you may not need, like legal expenses insurance and breakdown cover

•  contents insurance is essential to cover your belongings from fire, flood and theft

•  check your bank account and credit card to see if you are paying for any insurance or service you no longer need, or don’t remember signing up to.

Make sure you are properly protected

If you have children, a partner, or anyone you look after financially, you may want to consider taking out life insurance. You may have some life insurance through your job, but this might not be enough cover.

Ask your employer how long you will be paid if you are off work because of illness. You may also want to consider other types of insurance:

•  income protection insurance will pay you an amount of money each month if you are off work ill and will pay until you return to work or the policy ends

•  critical illness insurance pays a lump sum if you get seriously ill with certain life-threatening illnesses

•  get some independent financial advice to make sure you and your family are properly protected.

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