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.

---

How To Negotiate A Settlement With An Insurance Claims Adjuster

You and I. M. Strong, the adjuster from Granite Mountain... Read More

Choosing Buy-To-Let Property Insurance

Risk is an area often overlooked by landlords, but failing... Read More

Saving on Auto Insurance: The Road to Reduction

The road to saving on auto insurance is something that... Read More

What Is Homeowners Insurance Coverage?

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

What Answers To Questions For A Home Insurance Price Quote Will I Need To Know?

Lets face it, finding the best home insurance price quote... Read More

Check Out The Variety of Auto Insurance Texas Style

They say everything is bigger and better in Texas, and... Read More

Health Savings Accounts (HSA): Do I Still Submit My Bills to Insurance When Using HSA Money?

The Health Savings Account (HSA) is becoming well-known as an... Read More

Travel Health Insurance - Understand the Benefits

If you're planning an overseas trip, you need travel health... Read More

The Many Benefits of Travel Protection Plans

Many people purchase insurance thinking I want full coverage and... Read More

What Is Health Insurance?

What is health insurance and why do I need it?... Read More

Are You Overpaying On Your Home Insurance Policy?

For many consumers the cost of daily living is becoming... Read More

Health Insurance Providers Online - Benefits to Applying Online

Health insurance providers are going online to find new customers.... Read More

Private Medical Insurance- Finding The Right Policy for You

Why Private Medical Insurance Is Becoming So PopularRecent research indicates... Read More

Insurance Providers Weather the Storm While Consumers Flounder

We have just had the first year's anniversary of the... Read More

Insurance Glossary of Terms

Assured - Those insured under the terms of an insurance... Read More

An Intro To Life Insurance

There are many options available for life insurance, and for... Read More

State Farm Auto Insurance ? Heres A Few Factors That Determine Your Rate

There are many factors that affect the insurance rate you... Read More

Do You Know What The 7 Home Insurance Plans Are?

Most people don't realize that there are 7 different homeowners... Read More

The Best Rates on Life Insurance

Finding the best rates on life insurance is not difficult... Read More

Factors That Affect Your Car Insurance Premium

Many factors affect the premium you will pay for auto... Read More

An Intro To Auto Insurance

Although premiums, policies and prices vary widely, the mandate does... Read More

The Life Insurance Policy and What You Need to Know Before You Buy

Are you looking to buy a life insurance policy? Well,... Read More

Saving on Home Insurance: Tips for Cutting Costs

Everyone is searching for a way of cutting costs, a... Read More

Tips for Buying a New Home

My wife and I recently purchased a new home in... Read More

Seven Steps to Filing Your Car Insurance Claim

Having even a teeny-tiny car accident can be one of... Read More

Protecting Your Expatriate Family

If you and your family relocate overseas, one of your... Read More

Talking to Your Parents About Insurance

Who can you talk to about auto insurance? Insurance agents... Read More

Bankers Long Term Care Insurance

How many times have you seen people whose life was... Read More

We Dont Need Another Broker: How To Get The Best Liability Insurance Rates Available

Some business relationships are forged through blood and friendship. When... Read More

Life Settlement: Towards A Free Market for Life Insurance

The Life Settlement market is all about providing due access... Read More

Senior Life Settlements- A New Financial Dawn Emerges

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

Japanese Overseas Travel Insurance

If you are an expatriate planning on long-term residence in... Read More

Life Insurance Leads, Insurance Leads, and the Online Lead Generation Business

I've long wanted to write an article about Internet Leads... Read More