Cheap home insurance 2023: tips to lower the price

Context: an increase in home insurance prices is expected in 2023

It is compulsory by law to take out home insurance when you own or rent a home. However, home insurance contract prices are expected to rise in 2023, with an average increase of 8% according to households. Several factors contributed to this increase, such as inflation, the cost of building homes, housing requirements, and taxes on home insurance.

Why it is important to compare home insurance

It is important to compare home insurance to obtain the best conditions and the best prices. There are many offers on the market, and it is possible find cheap home insurance deals compare different offers. In addition, it is important to ensure that you have the guarantees adapted to your needs, so as not to pay for unnecessary guarantees.

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How to compare home insurance?

There are several ways to compare home insurance:

Use an online comparator

There are many online comparators that allow you to compare home insurance policies in minutes. All you have to do is fill in a form with your personal information and the guarantees you want, and the comparator shows the corresponding offers. It’s a quick and easy way to find cheap home insurance.

Obtain quotes from several insurance companies

It is also possible to request quotes from several insurance companies by filling out an online form or by contacting their customer service. This allows you to compare the different offers and choose the one that suits you best.

Hire an insurance broker

One insurance broker can help you find cheap home insurance by comparing different offers for you. He can also advise you on the guarantees you need to take out depending on your situation. However, it is important to check broker fees before hiring a broker.

How do you save on your home insurance?

Here are some tips to reduce the cost of your home insurance:

  • Choose a reasonable deductible : by choosing a higher deductible, you can reduce the price of your home insurance. However, you should be aware that this means that you have to shell out more money in the event of an injury.
  • Adapt the guarantees to your needs : Don’t pay for warranties you won’t use. Take the time to think carefully about your needs and your risks to take out only the essential guarantees.
  • Sign a contract online : contracts concluded online often have more advantageous prices than contracts concluded in agencies.
  • Play the competition : don’t hesitate to switch home insurance if you find a more advantageous offer elsewhere.
  • Protect your home : install security devices (alarm, smoke detector) and regularly maintain your home (roof, electricity, etc.) to reduce the risk of damage and therefore the cost of your home insurance.

Example of home insurance rates

Here is a summary table of home insurance prices for a 50m² apartment in the Paris region with a deductible of €200:

Insurance company Annual fee
Insurance A €450
Insurance B €550
Insurance C €400

It is therefore important to compare home insurance to find the best offer for your situation. Don’t overlook the importance of home insurance, however take your time to choose it well to avoid unpleasant surprises and save money on your budget.

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