According to new research1, one in five 18 to 24-year-olds plan to cancel their home contents insurance at renewal to save money,
A risky game to play
It’s wise to investigate any areas you could cut back on during the current cost-of-living crisis, but this statistic reveals a worrying picture for young people planning to abandon their contents cover.
Protecting your contents avoids the worst-case scenario of having to replace costly contents, maybe all at once.
Cost effective
With policies starting from just over £1 a week, it’s a low expense in proportion to peace of mind. Indeed, the average price paid for home insurance has fallen to its lowest levels in a decade, according to the Association of British Insurers (ABI)2.
As with all insurance policies, conditions and exclusions will apply
1GoCompare, 2023, 2ABI, 2023