Susan works as editorial assistant and researcher on personal finance stories. She also writes on a number of breaking news stories, as well as offering great money saving tips to shopping-savvy consumers.
Paying for home insurance via monthly instalments could add an extra 10% to the cost of your original home insurance price, new figures show.
Despite the fact that monthly bills look less scary than annual payments, recent research by a leading comparison site has found that paying every month for your home insurance ends up being more expensive than paying once per year.
According to the study, consumers paying for monthly instalments may have to pay an additional 11.89% on top of the cost of the original premium.
If you are looking to save money on your home insurance paying annually can reduce your overall home insurance bill. Another recommendation is to shop around in order to save money. Figures state that looking for the best monthly deal can reduce the overall price by 5.36%.
Compare home insurance
Search and compare home insurance premiums is top advice if you wish to pay less for your home insurance. However, there are other tips that could help you find cheaper home insurance premiums.
Overall, what will help to reduce your home insurance is to keep your house as safe as possible, here are some tips you can follow: