AA: Combined home insurance is poor value
Two in five households could save money by choosing buildings and contents insurance from separate providers, research by AA Insurance has discovered.
An AA survey of 25,000 home insurance quotes in April, May and June 2009 found that 41% of households are better off buying buildings and contents insurers from separate providers.
This figure rises to 59% when promotional discounts are taken out of the equation.
“Many insurers offer special discounts for buying a combined home and contents policy,” said Simon Douglas, director of AA Insurance.
“But even when taking that into account, a surprising number of customers would be better off buying the policies from different insurers.
“This underlines the fact that even if you get a great price on buildings, the same insurer won’t necessarily offer the best deal for contents.”
He added that households looking to change insurers should not just compare on price, but also on the cover offered by different policies.
Over 1.5 million insurance policies are taken out with the AA every year.
Category: AA Insurance News, Home Insurance News, Insurance News
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