Cost guide
How much does a Landlord insurance cost?
Welcome to your friendly guide to landlord insurance costs in the UK. Understanding these costs can help you budget for your rental property. We will walk you through what affects prices for Buildings, Contents, Rent Guarantee, and Liability cover. Explore your options with quotes from FCA authorised brokers through CertifySpace.
Typical price
£150 to £600
What changes the price
Property Type
A larger or more complex property may cost more to insure.
Property Location
Your property's location can affect the risk and the price you pay.
Cover Level
More comprehensive policies, such as those with rent guarantee, generally cost more.
Tenant Type
The type of tenants renting your property can affect your insurance premium.
Claims History
Previous claims may mean you pay a higher insurance premium.
Excess Amount
Choosing a higher excess, the amount you pay towards a claim, can sometimes reduce your premium.
Prices by region
| Region | Low | Typical | High |
|---|---|---|---|
| London | £250 | £450 | £600 |
| South East | £200 | £400 | £550 |
| South West | £180 | £350 | £500 |
| East of England | £180 | £350 | £500 |
| Midlands | £170 | £320 | £480 |
| North West | £160 | £300 | £450 |
| North East and Yorkshire | £150 | £280 | £420 |
| Scotland and Wales | £150 | £290 | £430 |
Questions people ask
What is Buildings cover?
Buildings cover protects your property's structure against damage from events such as fire or flooding. It can help with major repair costs, subject to your policy's terms and limits.
What does Contents cover protect?
Contents cover protects items you own in the rental property, such as carpets or white goods, against damage or theft covered by your policy. It does not cover your tenants' personal belongings.
Why do I need Rent Guarantee?
Rent Guarantee cover can protect your income if your tenants fail to pay their rent. It pays out for an agreed period, subject to your policy's terms, helping you manage your rental cash flow.
What is Property Owners Liability?
This cover can protect you if someone is injured on your property and you are found responsible. It can cover legal fees and compensation payments, subject to your policy's terms and limits.
Can I combine these covers?
Yes, many insurers offer landlord policies that combine these types of cover, sometimes as optional extras. This can be a convenient and cost-effective way to arrange your insurance.
How can I get a good deal?
Comparing quotes from several FCA authorised brokers can help you find a competitive price. Compare cover limits, exclusions and excesses too. CertifySpace makes comparing quotes easier, helping you save time and potentially money.