3-Year Fixed Price Cover for Over 50s

How does Saga's 3-year fixed price home insurance work?

Saga’s 3-year fixed price is a benefit of our Saga Plus cover level. You’ll get a comprehensive policy that covers you for buildings, contents, or both with excellent features, such as accidental damage cover, included as standard – plus the additional benefit of knowing your price will stay the same for three years!

We’ll fix the price of your policy and any additional cover options added at the start. The price will only change if one or more of the following happens:

You make any changes to your policy

You make a claim for accidental damage or accidental loss or any claim made under the personal belongings section of your cover

The rate of Insurance Premium Tax changes.

Terms and conditions

Saga’s 3-year Fixed Price is offered to you for a 3-year period. Your first year’s total price (including the arrangement fee and the price of any additional cover options taken out at the start of your 3-year Fixed Price period) is the price at which your policy is set, dependent on these Saga 3-year Fixed Price terms and conditions.
The 3-year Fixed Price applies to a policy taken out at the start of the 3-year Fixed Price period and renewed for the following two years. You may cancel your policy at any time, in accordance with the terms of your Policy Book, and your 3-year Fixed Price will end. On cancellation, the arrangement fee is non-refundable; however, no cancellation fee will be charged.
During the 3-year Fixed Price period, if Saga is able to offer you a lower price than the price provided to you at the start of your 3-year Fixed Price period, then the lower price would apply for any remaining renewal periods.
The price of your insurance may change during the 3-year Fixed Price period if:
1. You make any changes to your policy or change your cover options at any time. If any change you make leads to a change in the price of your policy, this price change will take effect at the time that you make the change and will continue for any remaining renewal periods.
2. You make a claim for accidental damage or accidental loss or any claim made under the personal belongings section of your cover. Your price will not be affected by claims made under any other section of your policy. If any claim you make leads to a change in the price of your policy, this price change will not take effect until the next renewal after the claim and will continue for any remaining renewal period.
3. There is a change to Insurance Premium Tax (IPT). Any change in IPT will be included in the insurance price for any subsequent renewals during the 3-year Fixed Price period.
4. There is a change to Value Added Tax (VAT) for Annual Boiler Service. Any change in VAT relating to your Annual Boiler Service will be included in the insurance price for any subsequent renewals during the 3-year Fixed Price period.
The 3-year Fixed Price and your insurance cover will be provided subject to the terms of the Policy Book, the Schedule, and Endorsements to the Policy Book. Saga or the Underwriters may change the policy wording, schedule or include an endorsement at any time, which could result in changes to your excess (the first part of any claim that you must pay). Any change will be communicated to you in writing.
Very significant changes to your policy or to the Underwriter’s risk criteria or unfavourable insurance market conditions which materially affect the risk of insuring you, may mean that Saga cannot reasonably identify an insurer who will provide insurance to you. If this is the case we will not be able to offer you cover.
The Saga 3-year Fixed Price is not available with our Select cover level.
The Saga 3-year Fixed Price is provided by Saga Services Limited (Saga) a company registered in England with registered number 732602, whose registered office is 3 Pancras Square, London N1C 4AG. Saga is authorised by the Financial Conduct Authority. The Saga 3-year Fixed Price is part of the service that Saga provides to you. The 3-year Saga Fixed Price is not offered to you by the panel of insurers that underwrites your insurance policy.