Insurance: protect your things

Here's everything you need to know to get the best deal.

Insurance

Find the right deal for you

The best way to find the right deal for you is to ‘search the market’. Comparison sites are the best option and you’ll have a quote in no time. They all search slightly different insurance companies, so try all 4 if you have time.

Confused.com logo
Trophy icon
Cheapest

This normally has the cheapest quote for most people, so start here. Best for car insurance.

Visit Confused.com
MoneySuperMarket logo
Trophy icon
Quick quote

Has access to a lot of insurance deals, so check this too.

Visit MoneySuperMarket
Compare The Market logo
Trophy icon
Meerkat Meals

Has a good range of insurance deals and get Meerkat Meals (discount on takeaways and eating out).

Visit Compare The Market
GoCompare logo
Trophy icon
Might get lucky

If you have time, search GoCompare as you might get lucky with a good deal.

Visit GoCompare

Compare

Insurance guides

More on insurance

Do you really need insurance?How insurance worksThere’s always a better dealTypes of insuranceInsurance articles

Do you really need insurance?

Insurance can be expensive and feel unnecessary, and sometimes it’s not optional such as car insurance and buildings insurance. But the things you value tend to change as you grow in life, and protecting what matters most to you is often worth it, even just for the peace of mind.

How insurance works

Insurance is like most things in finance, incredibly dull for most! It’s all down to risk and complicated maths to work out how much you should be paying. Insurers will use data to work out the likelihood of an event happening, such as crashing your car, and then determine how much to charge to insure against that event happening, called a premium. It’s big business but ultimately protects you too.

There’s always a better deal

The insurance industry is super competitive and there are hundreds of insurance providers for all the different types of insurance out there all competing for you as a customer. 

Always shop around and compare quotes, and equally important; don’t auto renew your policy each year, shop around again so you don’t lose out on big savings. If you can, pay in one go too as you normally get a discount.

We recommend using a comparison site (like the ones mentioned above), to compare quotes for all types of insurance – so you can be sure you're getting the best deal out there. Plus sometimes they'll use their own money to knock down the prices further!

Types of insurance

Car insurance

Arrow down – Blue

It’s a legal requirement for driving, so not optional, and there’s 3 main types of insurance:

Fully comprehensive – Insures yourself from injuries, your car and other drivers and their cars. Recommended for most drivers.

Third-party, fire and theft – This doesn’t insure yourself or your car, just other drivers and their cars (third parties), but also covers fire damage and if your car gets stolen.

Third-party – This is insuring just other drivers and their cars. You are not covered at all, even for fire damage or theft. This is the minimum legal requirement for driving.

Get quotes for all three types when searching for car insurance – you may be surprised which type is actually cheaper for you!

Home insurance

Arrow down – Blue

Protection for a home that you own. It covers you from structural damage, fires and floods and often for burglary and damage to the contents inside your home from accidents. It’s not a legal requirement, but almost all mortgage lenders require you to take out insurance on the home so they are protected too.

If you are renting, you don’t need this. Your landlord will have insurance for the building itself. However you will need contents insurance if you want to protect your belongings.

Here's how to find the best deal on home insurance.

Travel insurance

Arrow down – Blue

Protection for you and your family on your holidays abroad. It’s not just if you fall ill, or have an accident, but also if you lose your possessions, your flights are cancelled and if your accommodation has fallen through.

Life insurance

Arrow down – Blue

It’s hard to think about, but life insurance is protection for your loved ones after you pass away. It’s often used to help pay off the mortgage on your home and provide some financial support to your partner and children.

Pet insurance

Arrow down – Blue

Vet bills are surprisingly expensive, and often not thought about when buying pets, but once they become part of the family you can look out for them too and cover any illnesses and injuries so they can be well looked after.

Other insurance

Arrow down – Blue

Whatever you think of you can probably insure! From watches and jewellery, to protection from hacking attempts, it’s all out there.

Insurance articles

Nuts About Money logo

We’re here to help ease money worries for everyone by providing an easy to use website for all things money related.

About us