Savings on house insurance highlighted in new survey

Tuesday 22 July 2014 16.18
The survey compared quotes from eight insurance companies and a number of property types were included
The survey compared quotes from eight insurance companies and a number of property types were included

Consumers can make an average saving of €264 on the cost of their home insurance by getting a number of quotes before purchasing, according to a survey from the National Consumer Agency.

The survey compared quotes from eight insurance companies throughout Ireland and a number of property types were included.

It highlights significant differences in quotes, including savings of up to €421 on the price of home insurance for a three-bedroom bungalow in Midleton, Co Cork.

The cheapest quote provided for this property was €279, while the most expensive was €700.

For a one-bedroom apartment in Balbriggan, Co Dublin, the cheapest quote was €72, while the most expensive was €158.

Quotes for a three-bedroom, semi-detached house in Tubbercurry, Co Sligo, ranged from €190 to €498.

The National Consumer Agency survey found that in the previous 12 months just 37% of consumers had checked to see if there was a better deal available for their home insurance and only 13% of respondents had switched providers.

The agency is advising customers to pay special attention when comparing policies to the excesses, benefits, and terms and conditions of their policy to ensure they have the required level of cover in the event of a claim.