House insurance - 742 for a standard bungalow. Is this expensive?

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Boxette

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My house insurance is climbing every year. 742 for a standard bungalow. Is this expensive
 
Shopping around for all types of insurance and all other services is the only way to get value for money. Renewing with your incumbent service providers will usually lose you money versus shopping around.
 
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Had a50 percent increase on mine . Shopped around and was getting anywhere between 120 percent increase to 35 percent (1400 to 885). It is painful that insurance companies try to squeeze everything out of you until it’s too late
. Eventually got OUT insurance to be 30 euro cheaper than last year. Called my original insurer to let them know I wouldn’t be renewing and could they make a final quote. Still they were 25 percent higher
No claims ever in 25 years . In this house for 15 with no claims . 290 sq m in the west . Rural location .
 
It's very hard to tell what's a standard bungalow though, do you mean one of the old style 1,340 sq feet grant size or a much newer 2,000+ model.

Anyways my house insurance for a fairly standard extended grant bungalow of 2,500 sq ft was around 500, did some shopping around lately for another family member with much smaller typical grant size unextended far more basic bungalow and quote from same insurer as I got came in at nearly 1,000. Rebuild cost was much lower due to size and in one of the cheapest midland areas of the country but while their house is on high ground it near a town which has a river through it and parts of the local town have flooded in the past. Obviously this is skewing the whole costings for the area, now while it's just impossible for their house or anywhere even close to it to flood it still seems to affect it. I did eventually get it with another insurer for nearer to 600 which is still more expensive than mine which has higher cover. So it's not a level playing field at all, address really matters!

Definitely go for a big excess and no frills on the insurance, the days of putting in a claim for small things are gone as it's not worth it in terms of loadings and being unable to switch.
 
ClubMan said:
What does this mean?
Click to expand...
Back when I was young lol practically every bungalow built in the countryside was under 1,340sq ft as once you stayed under that you got a 3k grant (that's what it was when I built anyway in 1990, amount varied over the years) so most people built to that size, that's why all those older country bungalows pretty much look the same! Some also built a 'garage' under same roof and as soon as grant was paid out converted that to part of the house which gave you bigger footprint.
 
742 seems high.

500k rebuild cost, rural Kildare, 75k contents was 472 with AIG and 510 with Aviva earlier this year.

The SCSI calculator is for houses in an estate. It doesn't have rural one-off property rebuild costs which can be a little lower.
 
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