Is home insurance with combined buildings and contents the best option?

Home insurance is bought by many as a combined buildings and contents insurance policy but it seems that for 40% of households this may not be the best option.

A lot of home insurance providers promote the benefits of buying combined home contents and buildings insurance, not least through competitive promotional discounts and offers.

Using a broker such as AA Insurance, or a comparison website such as Confused.com, Comparethemarket.com or moneysupermarket.com, you can compare home insurance quotes from a number of providers.

This way, you can see whether buying home insurance with contents and buildings combined or buying them individually is the best option for you.

According to AA Insurance research, over 40% of their sample of home insurance quotes would save money if they bought their home insurance and contents policies from different insurers.

This figure took into account the promotional offers from the providers, if these were excluded then the figure would rise to 59%.

As Simon Douglas, director of AA Insurance, commented ‘a third of home-owners arrange their home insurance with the bank or building society from whom they bought their mortgage, and may have renewed for years withoug exploring better options.’

He added though ‘it is important that buyers don’t just check prices but policy benefits too, to ensure they are comparing on a like for like basis.’

The home insurance comparison websites can help you do this.