Home insurance holders face high energy bills

Wednesday, 02 February 2011

Home insurance policyholders could face high energy bills due the cold snap which affected the UK before Christmas.

According to moneysupermarket.com, contents insurance policyholders spend around 40 per cent of their annual energy consumption during the winter.

It suggests consumers could save money if they choose to switch to an online deal, or opt to pay by monthly direct debit.

Home insurance holders who have a standard energy tariff pay around £1,093 a year for their bills, according to the price comparison site.

This could mean they face a bill of around £437 at the end of the quarter, if they are paying by cheque or cash, the website warns.

Scott Byrom, utilities manager at moneysupermarket.com, said: "I advise any customers languishing on their provider's standard deal, whether worried about post-new year bills or not, to swap to a monthly direct debit scheme and manage their account online."

He added: "For those looking for cheaper energy bills, shopping around is crucial, make sure you are on the best tariff for your region and consumption level to stop your hard earned cash going to waste."

Recently, EON became the latest one of the big six energy suppliers to announce price hikes. It follows in the footsteps of Scottish and Southern Energy, British Gas and ScottishPower, all of which raised prices last year.

Posted by Rick Malone

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