Don’t cancel contents cover in haste

According to new research ⁱ, one in five 18 to 24-year-olds plan to cancel their home contents insurance at renewal to save money,

A risky game to play

It’s wise to investigate any areas you could cut back on during the current costof-living crisis, but this statistic reveals a worrying picture for young people planning to abandon their contents cover.

Protecting your contents avoids the worst-case scenario of having to replace costly contents, maybe all at once.

Cost effective

With policies starting from just over El a week, it’s a low expense in proportion to peace of mind. Indeed, the average price paid for home insurance has fallen to its lowest levels in a decade, according to the Association of British Insurers (ABI)2.

As with all insurance policies, conditions and exclusions will apply

^I G0Compare, 2023, ²AB1, 2023