In the busy world we live in it seems easy to go along with the first quote we receive, but you could save loads on your home insurance if you put the effort in.

Gocompare.com released figures showing the difference between the cheapest and average priced home insurance was a staggering 45%.

Hayley Parsons who is Chief Executive of Gocompare.com said “As our figures show, the difference in premiums between insurance companies can be quite significant so it is important that you don't just accept the first quote that you are given.”

Those who are not taking the time to check the market could be paying a great deal more, it can also be interesting to see how your renewal quote would compare to other companies.

Hayley Parsons continued “At the very least, shopping around will enable you to see how your renewal quote compares with a much wider range of policies. Our examples show that by picking the lowest price each time as opposed to the average price, it can be possible to get the equivalent of three years cover for the price of two”.

This has got to be worth taking the time for 3 years cover for the price of 2 but Hayley Parsons also warned “whilst significant savings can be made, it's important that you compare insurance policies on the cover that they provide, and not just the price."