Home insurance is one of those essential expenses that can often feel like a burden—but it doesn’t have to be. If you live in Ireland and you’re searching for low cost home insurance, you’re in the right place. In this guide, we’ll walk you through practical tips to cut down on your premiums, help you understand Low cost home insurance what’s really necessary in a policy, and show you how to get the best value for your money without compromising on protection.
What Is Home Insurance in Ireland?
Home insurance in Ireland typically comes in two forms: buildings insurance and contents insurance. Many policies combine both. Here’s what they mean:
- Buildings Insurance: Covers the structure of your home including walls, roof, windows, and permanent fixtures like kitchens and bathrooms.
- Contents Insurance: Covers movable items within your home such as furniture, electronics, clothing, and valuables.
Why You Need Home Insurance in Ireland
Even though home insurance isn’t a legal requirement in Ireland (unlike car insurance), it’s highly recommended—especially if you own your property or have a mortgage. Most banks won’t even approve a mortgage unless you have at least buildings insurance.
Benefits of Having Home Insurance:
- Protection against fire, theft, and weather damage
- Coverage for legal liability if someone gets injured on your property
- Peace of mind knowing your valuables are safe
Smart Tips to Save on Home Insurance in Ireland
Here are the top strategies to slash your home insurance costs without losing coverage.
1. Shop Around and Compare Quotes
Don’t just stick with the first offer you get. Use comparison websites and contact brokers directly to ensure you're getting the best rate.
- Compare at least 3-5 providers
- Look at both price and coverage terms
- Don’t forget to read the small print!
Top Irish Insurance Comparison Sites:
- Bonkers.ie
- Chill Insurance
- Compare Insurance Ireland
2. Increase Your Voluntary Excess
Voluntary excess is the amount you agree to pay out of pocket before the insurer pays the rest. Raising this amount often reduces your premium.
Example:
- Standard excess: €250
- Voluntary excess increased to €500 = lower monthly premium
⚠️ Make sure you can comfortably afford the excess if you need to make a claim.
3. Bundle Insurance Policies
Combining your home and car insurance with the same provider can unlock multi-policy discounts.
Benefits of Bundling:
- 10%–20% savings in many cases
- Easier management of policies
- One point of contact for support
4. Improve Home Security
Insurers love it when you take steps to secure your property, and they’ll often reward you with cheaper premiums.
Ways to Boost Security:
- Install a monitored alarm system
- Use motion-sensor outdoor lighting
- Upgrade door and window locks
- Join a local neighbourhood watch scheme
5. Avoid Over-Insuring
It’s tempting to overestimate the value of your home or contents, but this leads to higher premiums. Ensure you’re insuring only what’s necessary.
Use these tools:
- Contents value home insurance cost calculater
- Professional property valuation services
- Online rebuild calculators (e.g., from the Society of Chartered Surveyors Ireland)
6. Pay Annually Instead of Monthly
Paying your premium in one annual payment rather than monthly instalments can result in big savings.
- Monthly payments may include interest charges
- Annual payments often come with discounts of 5–10%
7. No Claims Bonus (NCB)
Just like car insurance, many home insurance providers reward customers who haven’t made any claims with a No Claims Bonus.
How it works:
- No claims for 1 year = 10% discount
- No claims for 3+ years = up to 30% discount
8. Check for Loyalty Penalties
If you’ve been with the same provider for a long time, you might actually be paying more than new customers.
- Review your policy annually
- Ask your provider to match a competitor’s quote
- Don’t be afraid to switch if you find a better deal
9. Work with a Local Broker
While comparison websites are handy, a local insurance broker might find deals that aren’t available online.
Advantages of Using a Broker:
- Access to exclusive deals
- Personalized service
- Help with claims and paperwork
10. Choose the Right Cover, Not the Cheapest
Cheap isn’t always best. The goal is low-cost value, not low-quality coverage. Understand what’s included—and what’s not.
Checklist When Choosing a Policy:
- Are accidental damages included?
- Is flood protection needed based on your area?
- Does the policy cover temporary accommodation if your home becomes uninhabitable?
Common Mistakes to Avoid
Avoiding these pitfalls can also save you money in the long run.
❌ Underestimating Rebuild Cost
Don’t confuse market value with rebuild cost. Rebuild cost is usually lower, and insuring the full market value can lead to overpaying.
❌ Not Updating Your Policy
Have you renovated or added an extension? Failing to update your insurance can result in underinsurance.
❌ Ignoring Policy Exclusions
Many policies have exclusions (like flood damage or wear and tear). Always read the fine print.
Best Low Cost Home Insurance Providers in Ireland (2025 Edition)
Here are some popular and affordable providers trusted by Irish homeowners:
| Provider | Known For | Website |
| Aviva | Customizable coverage and good multi-policy discounts | aviva.ie |
| AXA Ireland | Home security discounts | axa.ie |
| Zurich Ireland | Flexible policies with low excess options | zurich.ie |
| Allianz Ireland | Fast claims processing | allianz.ie |
| 123.ie | Great for bundling with car insurance | 123.ie |
Should You Use a Home Insurance Broker?
Using a broker can be a smart move if you:
- Don’t have time to research
- Have a complex property (listed buildings, rental units)
- Want someone to negotiate on your behalf
Make sure your broker is registered with the Central Bank of Ireland.
Frequently Asked Questions
How much does home insurance cost in Ireland?
Average premiums range from €300–€700 annually, depending on location, property size, and coverage level.
Does home insurance cover accidental damage?
Some policies include accidental damage, while others offer it as an add-on. Always check your policy details.
Can renters get home insurance?
Yes, renters can take out contents-only insurance to protect personal belongings.
Final Thoughts: Get the Best Value Without Sacrificing Cover
Low cost home insurance in Ireland doesn’t mean you have to compromise on quality. With the right strategies—comparing quotes, improving home security, and avoiding common pitfalls—you can save big while keeping your home protected. Use the tips above as a checklist, and review your policy annually to ensure you’re still getting the best deal.
Remember: smart savings = smarter protection.