Cheapest Renters Insurance Deals in the UK
Discover 6 deals available this month.
1.Co-op Renters Insurance
Co-op Renters Insurance starts at £5 per month with no extra charges for monthly payments and offers a 5% Member discount. Coverage amounts are flexible, ranging from £10,000 to £40,000.
View Deal →At just £5 per month, Co-op provides affordable renters insurance with flexible coverage options and a member discount that adds extra value.
Pros:
- Low starting price of £5 per month
- No additional fees for choosing monthly payments
- 5% discount available for members
- Flexible coverage between £10,000 and £40,000
Cons:
- Coverage limits may be lower than some competitors' maximums
- No details on optional add-ons or accidental damage coverage
- Limited information on claims process or customer service
2.Compare the Market Renters Contents Insurance
51% of customers found cover for less than £59 annually with Compare the Market Renters Contents Insurance. Monthly quotes start from as low as £4.71.
View Deal →Offering some of the most affordable renters insurance quotes in the UK, Compare the Market appeals to budget-conscious renters seeking low-cost cover options.
Pros:
- More than half of customers secure annual cover under £59
- Monthly premiums starting from just £4.71
- Accessible pricing for a wide range of renters
Cons:
- Limited information on coverage limits and policy features
- Potentially fewer add-on options compared to some competitors
- Price may vary depending on individual circumstances
3.MoneySuperMarket Tenants Insurance
MoneySuperMarket Tenants Insurance has median annual costs from £86.09 for purpose-built flats to £107.38 for converted flats and includes Price Promise protection. It offers reliable coverage tailored to flat types at moderate prices.
View Deal →Offering predictable pricing with Price Promise protection, MoneySuperMarket stands out for those living in flats who want steady costs and decent coverage. It’s a solid choice for renters prioritizing transparent pricing over rock-bottom premiums.
Pros:
- Median annual cost starts at £86.09 for purpose-built self-contained flats
- Price Promise protection helps maintain consistent premiums
- Coverage tailored for different flat types, including converted flats
Cons:
- Higher median costs compared to some competitors offering lower premiums
- Primarily focused on flats, less information on houses or other property types
- No specific mention of add-on coverage options or discounts
4.GoCompare Tenants Contents Insurance
GoCompare Tenants Contents Insurance offers median annual prices of £54 for bungalows, £61 for flats, and £68 for houses. It provides competitively priced coverage tailored to different property types.
View Deal →Offering clear pricing based on property type, GoCompare delivers affordable tenants contents insurance options that suit various homes without unnecessary complexity.
Pros:
- Median annual premiums are reasonable, starting from £54 for bungalows
- Covers a range of property types including bungalows, flats, and houses
- Straightforward pricing helps renters easily anticipate costs
Cons:
- No specific discounts or add-on options mentioned
- Limited detail on coverage features beyond pricing
- May lack flexibility compared to some competitors with additional benefits
5.AXA Renters and Tenants Contents Insurance
AXA Renters and Tenants Contents Insurance provides £50,000 contents cover and £12,000 tenants' liability cover with optional add-ons for accidental damage. Pricing details are not specified but it includes flexible protection options.
View Deal →Offering substantial cover limits along with optional accidental damage add-ons, AXA's renters insurance suits tenants seeking comprehensive protection. It's a solid choice if you want higher cover amounts with customizable options.
Pros:
- £50,000 contents cover provides extensive protection
- £12,000 tenants' liability cover included
- Optional accidental damage add-ons enhance coverage flexibility
Cons:
- No specific pricing or discounts mentioned
- May be more expensive compared to some budget options
- Lacks detailed information on policy features or exclusions
6.Homeprotect Tenants Contents Insurance
Homeprotect Tenants Contents Insurance, underwritten by AXA, covers bicycles, laptops, mobile phones, and tablets. Around 74% of customers report savings after switching to this insurer.
View Deal →Offering coverage that includes valuable electronics and bicycles, Homeprotect appeals to tenants looking to protect key personal items while potentially saving on their premiums.
Pros:
- Includes coverage for bicycles, laptops, mobile phones, and tablets
- Underwritten by a reputable insurer, AXA
- 74% of customers report savings after switching
Cons:
- Specific pricing details are not provided
- No mention of optional add-ons or liability cover
- Limited information on coverage limits and exclusions
Final Words
To secure the cheapest renters insurance deals this January, take time to compare options like Co-op, Compare the Market, and AXA to find coverage that fits your needs and budget. You can explore current offers online to ensure you get the best value for your protection.
Frequently Asked Questions
Co-op Renters Insurance starts from just £5 per month with no extra charges for monthly payments, making it very affordable. It also offers a 5% Member discount and flexible coverage options ranging from £10,000 to £40,000.
Yes, Co-op Renters Insurance offers flexible cover options with coverage amounts between £10,000 and £40,000 to suit your needs.
No, Co-op Renters Insurance does not charge any extra fees for choosing to pay monthly, keeping your payments straightforward and affordable.
Prices vary widely; for example, Compare the Market offers quotes starting from £4.71 per month, while median annual costs on platforms like MoneySuperMarket range from around £86 to £107 depending on property type. GoCompare shows median annual prices between £54 and £68 depending on the home.
Some providers like AXA offer contents cover up to £50,000 with tenants' liability cover of £12,000, often including optional accidental damage add-ons. Coverage specifics vary by insurer.
Yes, for example, 74% of customers switching to Homeprotect Tenants Contents Insurance, underwritten by AXA, reported savings. Comparing providers can help find better rates and coverage.
