Home insurance - 2 or 3 year option - Zurich

cmalone

Registered User
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I see the latest ‘one big switch’ home insurance offer via Zurich has 2 and 3 year options. Thx premium appears for be just twice of three times the one year premium. What is advantage / disadvantage of signing up for multiple years ?
 
My thinking last year was it is unlikely insurance prices will come down and I don’t want the hassle of shopping around every year.

I had the money sitting in an account earning almost nothing so I went with Zurich last time for 3 years.

Like you, there was no discount going for 2 or 3 years, but the price offered was the best of the several I tried.
 
Thanks. Wonder does it help if u did have a claim in year 1 - you would not be purchasing new policy in year 2 and 3 and thereby a less loading when you need purchase again in year 4 ?
 
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