The phenomenon of global warming is putting property in the UK at increasing risk of flooding damage. With crime rates also rising in many areas of the country, now seems an ideal time to take out home insurance. Follow these tips to make sure you're not paying over the odds on your premium. 

1. Shop around: Take time to find the cheapest deals out there. There are now hundreds of organisations offering home insurance policies, but you can now take the effort out of comparing them by using a price comparison website. CompareThe Market.com will sort through a number of insurance deals to find the best one for you. Another option is to use a panel insurer such as ASDA Finance or look out for online discounts, the Co-operative bank offers a 10% discount to customers who purchase home insurance online.

2. Don't take a risk: By rendering your home more secure, you can reduce your home insurance premiums and also minimise the risk of a break-in. This is especially in your interest, since any claim made is going to increase your premium in the future. Inexpensive but important changes you can make include installing a burglar alarm and refitting door locks.

3. Don't accept the first offer: This isn't simply a matter of comparing the deals out there - by bartering with your insurance company you can often lower the price of your premium. Even the big insurers, such as Norwich Union or Direct Line, will generally be flexible about the deal that they offer you. Returning to your existing insurance company with a lower quote from elsewhere can also be a good way to drive down their prices, particularly if they are keen to keep your custom.

4. Tick the right boxes: The size of your premium will be calculated based on the safety of your home, the excess you are prepared to pay and even your lifestyle. Regular smokers, drinkers and pet keepers can all expect to be charged more, so cutting back on the alcohol can actually save you money on your home insurance. You can also increase the excess payable on your policy in return for a reduced price.

5. Keep records: It is important to insure accurately and to keep proof of the value of your home and its contents. By conducting an annual inventory, keeping receipts and ensuring that individual valuables are covered, you can prevent yourself being out of pocket if you need to make a claim.