lower home insurance

10 Ways to Lower your Home Insurance

Published: September 20, 2023 by  Marguerite Cotter

Home insurance provides you with valuable financial protection against unexpected events like fire, theft and flooding.

Understanding the cover provided by your insurance policy, the cover you feel you need, and comparing all providers will provide you with the best home insurance quote. You should not over or under-insure your house and find the home insurance cover that is right for your situation. 

PhoneWatch, Ireland’s leading house alarm provider, has compiled a list of everything a household should consider to help lower their home insurance including how a house alarm can decrease premiums.

Marguerite Cotter, Marketing Director at PhoneWatch, said “We want to take this opportunity to remind all homeowners to keep their home security at the forefront of their minds as we come into winter when burglaries and fire incidents become more common. Many aren’t aware that discounts of at least 10% are available across the leading insurance companies if you have a monitored home alarm installed in your home.”.

Here are some tips on how to get the best home insurance quote:

  1. Get a quote from multiple different providers

    One of the most effective ways to lower your home insurance premiums is to compare quotes from multiple insurance providers. Quotes can differ for similar coverage with each different home insurance provider. So, it's important to get quotes from at least three different insurers.

  2. Bundle car and home policies

    Many insurance companies offer discounts if you bundle your home insurance with other policies like car insurance. Combining your policies with the same insurer can lead to significant savings.

  3. Increase your excess

    Increasing your excess - the amount you pay out of pocket before your insurance coverage kicks in - can lower your premium. Just be sure you can comfortably afford the higher deductible in the event of a home insurance claim.

  4. Seek loyalty discounts

    If you've been with the same insurance company for an extended period, inquire about loyalty discounts or other incentives they may offer to retain your business. 

  5. Don’t under/over value your contents or property

    Home insurance can be divided into two separate policies – buildings insurance which covers the cost of a home rebuild and contents insurance which covers personal belongings within the home. Usually, the standard home insurance policy combines both building and contents to get the best protection and coverage. Try not overvaluing or undervaluing your home and the contents within as while it may lead to a lower quote, it may result in more exposure in the occurrence of an unexpected event. It’s important to bear in mind that with the rise of house prices, your house is not underinsured as the price may have risen since you purchased it.

  6. Consider the age and condition of your home

    Newer homes or homes with recent renovations may be less expensive to insure due to their better structural integrity and safety features. Upgrading your BER may also lead to additional savings with insurers. Raise awareness of any home improvements to insurers that may have enhanced the security or structure of your home and may lead to a lower premium. 

  7. Maintain a no-claims history

    Insurance companies often offer discounts for policyholders with a history of few or no claims. Avoid filing small claims, if possible, as they can lead to increased premiums.

  8. Consider the location and property type before buying a home

    The location of your home can impact insurance costs. Homes in areas with higher crime rates, burglaries, or greater environmental risks such as flooding may have higher premiums. The property type may also affect the home insurance coverage. Some insurers for instance may refuse to insure thatched homes due to the increased risk of fire damage. All of this is important to consider when choosing where to live and the type of home to buy if you’re looking to get into the housing market.

  9. Pay annually

    Once you’re ready to purchase a home insurance policy, pay annually if you have the funds available. Opting to pay monthly will just mean that you pay more over the long term.

  10. Improve your home security & fire protection

    Installing security features such as a home alarm system can reduce your insurance premiums. Many of the leading insurance companies will offer a discount if you have a monitored house alarm installed by a PSA licensed installer such as PhoneWatch. 

    Similarly having smoke detectors within the home will also attract additional discounts from some insurance companies. Insurers may seek at least one smoke detector on each floor of your home. 

    Marguerite Cotter, Marketing Director at PhoneWatch, further stated “PhoneWatch’s standard monitored home alarm system provides home protection from burglary and fire with 5 security sensors and 1 smoke detector included for only €49. In the occurrence of an unexpected event, we provide customers with the peace of mind that once the alarm is triggered, we will respond within 15 seconds. Once the incident is confirmed, the necessary authorities will then immediately be dispatched”.


Remember that while these strategies can help lower your home insurance premiums, it's essential to maintain adequate coverage to protect your home and assets adequately. Always discuss any changes to your policy with your insurance broker or agent to ensure you're still adequately covered.


From house alarm systems to tailored home security, PhoneWatch create and install alarm systems to match your budget and give you peace of mind. We are trusted by over 118,000 homes in Ireland to keep them safe every day. Get a personalised home security quote today.

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