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Cheap home insurance deals compared – From Halifax to Direct Line and do you need buildings and contents insurance?

HOME insurance can save you thousands of pounds if something goes wrong at your property - we explain the different types of cover and best prices.

Like with most insurance policies, don't focus just on the cheapest deal - you'll want to make sure you're fully covered so you're as protected as possible.

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Home insurance can help you if your broken into or your property is damaged by fireCredit: Alamy

It's especially important to shop around now as insurance premiums are at their highest in seven years due to coronavirus.

This is according to research from MoneySupermarket, which claims the average combined buildings and contents insurance now costs £146.72 per month.

On average, people with this type of insurance policy will be paying £394.80 more than they did three years ago.

Here's what you need to know and how you can get the best cover for you:

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What is home insurance and what does it cover?

There are two main types of home insurance: buildings and contents.

Buildings insurance covers your physical property - so its actual structure, its fixtures and fittings - while content insurance looks after your belongings.

Many insurers offer policies which combine both.

If you're a homeowner, you'll want to think about this type of policy. If you're a renter, your building insurance should be taken care of by your landlord but you should still consider getting contents insurance for your possessions.

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  • Always make sure that you're happy and clear about the level of cover you'll be getting. It's not just as easy as going for the cheapest deal.

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    Some big insurers such as Direct Line and Aviva don't have their deals on comparison sites, so make sure you check them to see what they can offer.

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    The Sun also has a guide on the best cheap travel insurance from Leisure Guard to Coverwise.

    Plus, here are the best interest-free credit cards for 2020.

    And we've also looked at the best balance transfer credit cards offering up to 29 months 0%.

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