Mortgage Payment Protection price
i:protect Mortgage Payment Protection Insurance has been structured to ensure you get the best value for your money whilst offering you flexible benefits and excellent levels of cover. Because every i:protect quote is bespoke and reflects the benefits you chose, the monthly cost for every £100 of monthly benefit is different in every case. Therefore, from 1 October 2011, we will show the monthly cost for every £100 of monthly benefit on every quote so you can easily compare i:protect premiums with our competitors.
i:protectinsurance.co.uk maintains great relationships with its insurance partners ensuring that we can supply the best premium rates. Listed below are some examples of how much i:protect Mortgage Payment Protection Insurance would cost per month (all based on a 30 year old who is seeking £1000 per month benefit for 12 months - premiums are much less for 6 months benefit).
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Examples: Cost per month for a 30 year old with £1000 per month benefit that is payable for 12 months Compare the different prices and types of cover available for his level of benefit: |
Monthly cost for every £100 of monthly benefit |
| Accident & Sickness Cover with a 180 Day Excess = £7.00 | £0.70 |
| Accident & Sickness Cover with a 0 Day Excess = £12.40 | £1.24 |
| Accident, Sickness and Unemployment Cover with a 90 Day Excess = £12.90 | £1.29 |
| Accident & Sickness Cover with a 60 Day Excess and Unemployment Cover with a 30 Day Excess = £6.86 | £1.69 |
| Accident, Sickness & Unemployment Cover with a 0 Day Excess = £21.30 | £2.13 |
2011 i:protect offers the best value
You may find the three points below of interest as they confirm i:protect continues to offer superior value for money compared to other providers. This is the main reason i:protect are recommended to the friends and family of our existing customers:
- FSA’s Money Made Clear comparison tables data since 10 September 2010, i:protect was top for Payment Protection Insurance. For a typical buyer age 30-35 seeking £1000 Accident Sickness and Unemployment Insurance to cover their mortgage repayments and other expenses for one year, i:protect take the first 8 places for lowest premium out of the top ten policies. The Money Made Clear comparison tables are now transferred to the Money Advice Service (see below). Supported by the independent Consumer Financial Education Body. The Money Advice Service is a free, independent service set up by the government and funded by a levy on the financial services industry. "Because we're not selling anything ourselves, or for anyone else, you can trust our advice."
- Money Advice Service payment protection insurance comparison tables show i:protect continuing to dominate their comparison tables for offering cover at the lowest price for the majority of buyers of Mortgage Payment Protection Insurance up to 45 years of age. This is a completely independent and unbiased consumer financial advice service. It is the only true comparison website as it does not charge the companies listed to be included. The Money Advice Service is i:protect's shop window in terms of the value for money cover we offer to our on-line customers. Don't forget commercial comparison websites charge commission, at least 25% of the premium you pay goes to the brokers running the price comparison service for Money Supermarket, Compare the Market, Confused, Beat that Quote and their smaller price comparison competitors. Click here for a simple guide to finding the lowest prices on the Money Advice Service website. (please double click on the link and allow a few moments for the PDF to download so you can then open it on your PC)
- Money Saving Expert’s buyers guide to Mortgage Payment Protection Insurance (MPPI) continues to list i:protect as offering the “cheapest unemployment cover” for anyone under 45. They advise shopping around for MPPI to save up to £500. This is great assurance, especially because people are shopping around as other major providers are putting up their rates.