Home Insurance Rates in Northern Ireland

A recent survey took the most popular type of home in the UK, the three-bed semi, and compared the quotes given by insurance companies for different postcodes around the country. Northern Ireland came in top for buildings cover with an average of £119.

The premiums are affected by such variables as the amount of subsidence in the area, and the size and rebuild costs of the house. Some policies were based on the number of bedrooms in the house, but there is also the issue of the cost of rebuilding, which vary due to local construction standards, the cost of labour and the availability and cost of materials. When buildings and contents cover are assed together for a three-bed semi all over the UK, the cheapest average is in Lisnaskea in Northern Ireland, which has an average premium of £223. Compare this to the rather down-at-heel suburb of West Norwood in South-east London, where the number of burglaries and the cost of rebuilding adds up to combined buildings and content cover of £702, and you see how cheap insurance is in Northern Ireland!

Another initiative which has helped people in Northern Ireland insure their home has been the Northern Ireland Tenants Action Project (NITAP), which aimed to make it more affordable and simple for housing executive and housing association tenants to insure their personal possessions. This had been difficult before. Anyone who regularly gets home insurance in the UK will know that many insurance companies put a minimum on the amount that you can insure with contents cover of, say £20,000. This is strange, because not many people have contents worth that amount. What this means is that you are insuring yourself for an amount you don't need to be covered for, which raises your premiums.

The consequences of this are that many people on low incomes are choosing not to insure their personal possessions and household goods. Tenants claim that the minimum cover demanded by insurers cause high premiums. The scheme set up in Northern Ireland, means that those on low and fixed incomes can insure their personal possessions for as little as 80p a week, whether or not the total value of their possessions falls below the typical requirements for these policies.

Tenants over 60 can insure their possessions for sums as low as £6,000. For others, the minimum is £9,000. This means that the average premium for tenants in Northern Ireland is £75 a year. Also, instead of paying premiums in advance, Northern Ireland tenants can pay fortnightly in many different ways. They can pay at any post office, with a personalised swipe card through Girobank. Also, monthly direct debit can be used, but you get a discount for annual payments.

George McGonigal Northern Ireland Insurance Centre

George is webmaster of an online insurance resource for Northern Ireland homeowners and motorists. We bring under one roof insurers who cover Northern Ireland that can offer online quotations to allow our visitors to compare rates in the comfort of their own homes.Home Insurance Northern Ireland: Compare insurance quotes online. Buildings and Contents Insurance Northern Ireland: Compare insurance quotes online.

---

Eleven Money-Saving Auto Insurance Tips for Senior Drivers

Following a few simple tips and taking these measures will... Read More

Why Boat Insurance Doesnt Help A Lousy Sailor

For thousands of years men have sailed the seas. From... Read More

Life Insurance Careers

Do you like to spend all day being sitting around?... Read More

What Do You Mean My Auto Insurance Policy Doesnt Cover This!!

Auto insurance is an agreement between you and your insurance... Read More

Why Dont Insurance Companies Reward Us for Being Healthy?

Insurance is always a gamble, a bet actually.You are betting... Read More

Life Insurance Providing Little Protection from Terrorism

Recent statements by the City of London Police Commissioner James... Read More

Sisters Are Insuring Themselves: Finance is the New Feminism

According to a study by LifeSearch, the number of women... Read More

Consumer Directed Health Plans

Most of you have heard about "consumer directed health plans".... Read More

Cheap Car Insurance

Finding good car insurance can be very difficult. Here are... Read More

What Is Homeowners Insurance Coverage?

Before attempting to find the best homeowners insurance coverage you... Read More

Health Insurance for the Beginner

When it comes to your family, selecting the right health... Read More

How To Best Handle Health Insurance Plan Changes

Many economists have suggested and recent economic data indicates that... Read More

Insurance Credit Scoring: An Ethical Issue

The issue at hand is the use of a consumer's... Read More

The Ups and Downs of Temporary Health Insurance

If you're a recent college graduate, or in between jobs,... Read More

7 Sure-fire Ways of Reducing Your Home Insurance Premium

Home security improvement:All insurance companies will happily offer you a... Read More

Business Insurance; Information you will need

When you start a small business you will need to... Read More

Do I Need Travel Insurance?

In the United States health insurance, unlike many other countries,... Read More

Discount Auto Insurance - Keep Your Hard-Earned Money

Finding discount auto insurance is so easy when you do... Read More

Guide to Car Insurance

Here is a useful guide to car insurance. Buying car... Read More

Online Health Insurance Quotes - Finding The Cheapest Rates Possible

Shopping for health insurance can be very discouraging when you... Read More

Health Savings Accounts

Most people with health insurance, especially employer paid health insurance,... Read More

Senior Life Settlements- A New Financial Dawn Emerges

When delving deeper into the market-driven research on the myriads... Read More

Natures Fury - Time to Check Your Insurance

The communities of Exmouth and Moora in Western Australia don't... Read More

Converting An Unwanted Life Insurance Policy Into Ca$h

Do You Own A Life Insurance Policy That You No... Read More

Used Car Insurance

Every state requires that drivers carry liability insurance. The liability... Read More