For UK landlords, insurance isn’t optional — it’s a vital safeguard for your property, rental income, and legal responsibilities. But with rising costs in 2025, many landlords are asking the same question:
“How can I reduce my insurance premiums without leaving myself exposed?”
The good news? There are smart ways to lower your costs while keeping the comprehensive protection you need. Here’s how.
- Compare Specialist Landlord Policies
Not all insurance policies are created equal. Standard home insurance won’t cover let properties, and some generic landlord policies may include extras you don’t need while missing essentials you do.
👉 Working with a specialist broker (like NetRent Insurance Services) ensures you’re comparing policies that match your risk profile — and avoids paying for cover that isn’t relevant to your rental business.
- Increase Your Voluntary Excess
Raising your policy’s excess — the amount you pay toward a claim — is one of the simplest ways to lower your premiums.
Example:
- Standard excess: £100 → higher premium
- Voluntary excess: £250–£500 → reduced premium
⚠️ Tip: Don’t increase it so much that you couldn’t comfortably afford to pay if you needed to claim.
- Bundle Your Policies
If you own more than one rental property, insuring them all under a portfolio landlord policy can save money compared to multiple separate policies.
Benefits include:
- One renewal date
- Simplified admin
- Lower overall premiums
- Improve Your Property Security
Insurers reward landlords who reduce risk. Adding security features not only protects your property but can also lower your premiums.
Examples:
- Approved locks on doors and windows
- Burglar alarms
- CCTV or security lighting
- Smoke and carbon monoxide detectors
The safer your property, the less risk for your insurer — and the lower your cost.
- Pay Annually Instead of Monthly
Monthly instalments may seem convenient, but insurers often charge interest or admin fees. Paying annually can save 5–10% over the year.
- Avoid Unnecessary Add-Ons
Some policies come bundled with extras you don’t actually need, like contents cover for unfurnished properties. By stripping out unnecessary extras, you can keep costs down without cutting essential protection.
⚠️ But be careful — don’t cut out covers like landlord liability, legal expenses, or loss of rent if they apply to your situation.
- Maintain Your Property
Insurers look favourably on well-maintained properties. Regular inspections, prompt repairs, and keeping up with health & safety regulations all reduce your risk profile.
That means:
- Fewer claims
- Potentially lower premiums
- Peace of mind that tenants are safe and happy
- Shop Around at Renewal
Loyalty rarely pays in insurance. Many landlords auto-renew without checking the market and end up overpaying.
👉 Reviewing your options at each renewal ensures you’re always getting the best deal without compromising on cover. A good broker, like NetRent Insurance Services, will do this for you automatically saving you the time and effort of having to go to the market each year.
A Real Example
A landlord in Birmingham with three rental properties was paying £1,850 per year across separate policies. By switching to a portfolio landlord policy, raising the voluntary excess, and paying annually, they reduced costs to £1,350 per year — a saving of £500 without losing any cover.
Final Thoughts
Cutting cover to save money is risky — one uninsured claim can cost thousands. The smarter approach is to optimise your policy, reduce risks, and work with experts who understand landlord needs.
At NetRent Insurance Services, we help landlords get the right cover at the right price — no unnecessary extras, no nasty surprises, just comprehensive protection for your properties.
📞 Call us today on 01352 721300
Protect your investment and save money — without cutting corners.