We all have to pay it. But it’s handy if we ever have to claim on it. Insurance can cost hundreds of pounds each year to a household. With the tax you pay on insurance set to rise it’s not going to get any cheaper either. So to help you save some of your hard earned cash we’ve got a couple of handy tips that could save you money when getting insurance.

Always compare

When you’re getting a quote always use comparison sites to compare costs. This way you can search from a number of providers and see if you’re getting value.

Never auto-renew your insurance

When insurance firms send out a renewal quote 9 times out of 10 this is likely to be higher than the premium you paid the previous year. Get in touch with your provider three weeks before your renewal date to negotiate.

It’s cheaper for a company to retain their existing customers compared to attracting new ones. So they may be open to discounting your premium as long as your circumstances haven’t changed dramatically.

Use a broker

While it’s worth getting costs on comparison sites you could also try an insurance broker. The difference between using a comparison site and a broker is that they can get access to deals which may not be shown on the comparison sites. They will either get paid through commission or directly from you. You could try A-Plan Insurance who deal with home, car, life and pet insurance as a starting point.

Try to pay upfront if you can

If you can pay for insurance in one go then this may save money on costs when the insurer charges more if you repay over a 12 month period. But don’t do it if it puts your immediate finances under strain.

And a couple of tips for the following…

Pet insurance

Make sure any pets you have are up to date with their jabs. Otherwise you could invalidate your insurance. If you’ve got more than one pet then look in to insuring all your pets with multiple pet cover. You may be able to shave some pounds off your bills.

Home insurance

It’s worth remembering that a house with secure locks, such as a five-lever mortice lock, can reduce premiums as well as having smoke alarms. When calculating your contents cover make sure you give an accurate value of your belongings. By overestimating your contents value you’ll end up having to pay more money to cover it.

Car insurance

Installing a black box to your car could help lower your premiums – providing you drive responsibly. You can speak to selected insurers about doing this. Aviva have a free app you could download to see how well you drive which could help you make savings. If you have a driveway then utilise it. Parking on a driveway could make a marginal saving to your premiums compared to parking on the road.

Mobile phone insurance

While it may seem to be a good idea to put your mobile phone under the house insurance think again. Mobile phone insurance policies factor in a high tolerance of claims – so making a claim on this won’t be likely to increase your premiums significantly. However making a claim on your home insurance will most likely push up the premium in the following year.

Life or health insurance

If you’ve got life or health insurance you can save pounds. Quitting smoking can save pounds in your wallet and on life insurance premiums (assuming there are no other underlying health issues). Make sure you maintain a healthy weight as well. When assessing some companies will ask about your height and weight. This is to measure if you’re a healthy weight for your height. The healthier you are, the cheaper your premiums will be. The NHS have some more details about this.

Consider a packaged bank account

If you have a number of insurance elements that you purchase it may be worth looking at a packaged bank account. Some often include multiple types of insurance including breakdown, mobile and travel insurance. Just make sure you consider all the benefits and expense to make sure it’s cost effective, usable and applicable to you.