Comparison shopping is widely considered to be one of the most effective ways to save money.

What are the other ways that you can compare home insurance?

Do a company health-check

Find sites where you can track consumer complaints as well as general customer feedback. This will help you get a general idea of the kind of service that the insurance provider offers. You need to find an insurance provider that will be able to provide you with adequate cover for your home insurance needs.

Consider your specific needs

Every home is unique so remember that when you are looking for home insurance. You also need to list characteristics and specifics about your home so that you can get the most accurate quote. Before you search for insurance you should also determine what excess you’re comfortable setting.

Start with what you know

If you are already insuring your car with an insurance company, it may be worthwhile to contact them to find out how much you can save by getting a multi-policy with them. More companies are offering this option and consumers are saving more.

Get multiple quotes

Aim for a minimum of three companies. By comparing three or five companies you are able to select from a wider pool.  While loyalty can work in your favour, by comparing you could find other ways of saving even more.

Look beyond price

Don’t only look at price. Be sure to understand what each policy you’re considering truly covers and what limits or exclusions are attached to it. It happens so often that individuals choose the cheapest cover because they think it’s better than nothing or they choose to stay with their current insurer out of loyalty and because they think it’s the best they can get. You need to get to the nitty gritty of what you will be covered for in the unfortunate event of damage or theft.