Cheaper student contents insurance providers in UK
Thank you for reading this post, don't forget to subscribe!
Students contents insurance is a type of insurance that you can get to safeguard your personal items while living away from home, typically in a rental, student accommodation, or halls of residence. It implies you’ll be able to get reimbursed for the expense of repairing or replacing your belongings if they’re lost, damaged, or stolen.
Students are likely to have pricey gadgets, laptops, or equipment – and even textbooks – that are essential to complete their degree, so it’s always a good idea to make sure these are protected in the event of an emergency.
Furthermore, students living away from home are likely to live in shared housing, often in areas with high crime rates where rent is less expensive. This makes them particularly vulnerable to theft, so having contents insurance in place can be extremely beneficial.
You should purchase your contents insurance policy as soon as you know where you’ll be living, so that it will cover you from the day you move in to the day you move out.
How much does student’s contents insurance cost?
Your premiums will probably be more expensive if you reside in a high-crime location due to the higher risk involved. Living in a home or an apartment might have an impact because each has unique dangers.
If you have any exceptionally precious objects, be aware of single item value limits and remember that more expensive items will typically cost more to insure.
How can I get cheaper contents insurance for students?
If you’re a student, saving money is likely at the top of your list of priorities. Take into account the following suggestions to lower your contents insurance premiums:
- Home safety
The bare minimum is to make sure your apartment or room is always locked, but additional security measures like padlocks and safes might be able to reduce your insurance costs.
- Value truthfully
To get the right amount of coverage, try to value your possessions as accurately as you can. If you overestimate, you’ll pay more than necessary, but if you underestimate, you might not be able to make a claim for the full amount.
- Pay annually
You might pay less overall if you can afford to pay your entire annual premium in one go rather than spreading the cost out over 12 months.
- Volunteer more than usual.
Similarly, if you can afford to pay a higher voluntary excess, you’re signaling to insurers that you’re less likely to file a minor claim because it wouldn’t be worth the expense. If you do need to file a claim, just make sure it’s a sum you can afford to pay.
How can I get student insurance at a lower cost?
- Shop around and compare the market
Make sure to compare prices from various insurance providers and shop around. This is incredibly simple when using price comparison websites. This is the best way to make sure you get a good deal above all else.
- Select the coverage you want.
It doesn’t make sense to pay for insurance on an old phone that is only worth five pounds if you don’t really care about it. Your insurance will cost less the less you insure.
- Look after your possessions
Simple common sense dictates that you should always handle your possessions with extreme caution. We’re sorry if we sound like your parents, but the price of your student insurance will rise each time you file a claim.
The number of accidents brought on by drunken mistakes and unlocked doors is astounding. And anything you can do to deter burglars from breaking into your home is always beneficial.
- If you can, pay in advance.
Since insurers actually prefer that you pay up front, this is also a good tool for bartering (as it guarantees their income). So, try utilizing it to lower the price.
- Make online payments for your contents insurance
In an effort to sell their packages with the least amount of interaction, many businesses will post their best prices online.
Just keep in mind that this also makes it more difficult to barter, so think about saving an online quote and calling them to try and get it lower.
The top 05 student content insurance providers in UK
- Hiscox
In the United Kingdom, Hiscox offers students house insurance that covers all of their belongings. Sports equipment, apparel, smartphones, and laptop computers are among the student items that are protected.
The cost of individual goods or the combination of £15,000 is automatically covered by Hiscox UK for students’ house and possessions insurance. The insurance covers students who live in student housing or their own homes. Covers designed specifically for watches and jewelry. You can receive insurance for loss, damage, or theft while moving to your new home, student residence, or anywhere else in the world with the worldwide cover.
Students who study abroad receive the same insurance offer while living in student housing as part of their academic studies. Digital media coverage is also included, with a limit of £5000 for the student in the family. It includes the recovery of misplaced photographs, digital downloads, and videos.
- National Farmers Union Mutual
NFU Mutual also offers student contents insurance in the United Kingdom. The NFU Mutual’s primary focus is home and contents insurance. The NFU mutual covers all of the items in the house. Loyal customers can also benefit from rewards through mutual bonuses.
There are no entry costs for policy changes. In the event of damage or loss, replace the content right away. You have a choice of up to £15,000 in home contents insurance coverage. Watches, sporting goods, apparel, pedal bicycles, camera equipment, and firearms are all covered by the personal belonging insurance.
Your items’ accidental breakage, repair, or replacement charges are limited to the given sum. Use of a credit card without authorization up to £10,000 Your entertainment devices and mobile phones can have downloaded data that can be repaired, acquired, or revived for a fee of up to £2,500. The student content insurance provides coverage for personal effects up to a value of £7500.
We sincerely hope that your guide is useful. While it won’t help you right away, contents insurance for students will be crucial for you in the long run. While managing your expenses can be difficult for students, risking your possessions can cause you much more trouble.
- Cover4Students
Our top pick for student insurance this year is Cover4Students. They provide the best value for university housing because they only specialize in student insurance.
All student insurance plans include “Walk In Theft” coverage, so your bedroom door is unlocked.
Depending on the items you want to protect, a range of options and prices are available.
- MoneySuperMarket
Visit the comparison website MoneySuperMarket to find a wider selection of costs and insurance plans (not just for students).
To find the most affordable option for your situation, MoneySuperMarket compares scores of the biggest insurance companies.
Just complete one form with information about your residence and the value of the items. A list of contents insurance companies and policies will then be presented to you. Sort them according to the best price, claim history, quality rating, and coverage level.
- Arma Karma
For a monthly fee, Arma Karma offers insurance for specific items like your bike, laptop, watch, or phone.
Your most valuable possessions are covered by this extensive yet affordable insurance policy against loss, theft, and accidental damage both inside your home and outside it. Additionally, you can donate to a worthy cause for no additional cost using your subscription.
Conclusion
Check to see if you are covered by your parents’ home or contents insurance policy before purchasing a student insurance policy on your own. Even though this is less common than it once was, you could still significantly reduce your expenses.
For instance, some policies will cover students as long as they routinely make at least one home visit within a predetermined period of time. It’s worth asking your parents to call and request a quote to add you to their insurance policy if you aren’t already covered by it. It might end up being less expensive than purchasing a separate policy.