How much do you pay for boiler cover and is £41 too much?

[Soontobe60]

How much do people pay for their boiler cover? I pay £31 a month for an annual service plus repairs and have just had a renewal price of £41 a month! Looking on Moneysavingexpert, quotes are coming up at around £20 a month.

I pay nothing. Get it fixed when needed. Most insurance is a con. Put the money aside if you need to.

How old is your boiler? Depending on its age, I would put the £41 pounds in a savings account and use that for repairs etc That is just short of £500 a year. It wouldn't take that long to be able to pay for a new boiler if needed and would cover servicing charges but maybe that is just me! £41 seems alot.

I pay £60 for an annual service and pay for repairs as I go.

I paid £30 for a service but my mate gave me mates rates it’s usually £50.

A new boiler is between 3k and 5k, I would not be paying boiler cover like this. If it fails totally you will still need to buy a new one I assume.

Some insurances are worth it and some aren’t.

Ours is £25 per month. Covers the service plus any repairs to the heating system during the year (parts and labour). Boiler is 15 years old. Last year all the seals were replaced in the boiler, one of the radiators needed a new valve and the pump failed. Individually they would have cost more than our cover. We are doing this through an independent company. (Neighbours have it with British Gas and it's £42 per month.)

An annual boiler service costs me somewhere around £70. Our old one (we replaced it last year) was 17 years old when we replaced it. We'd had to repair it in the last 2 years of its life - about £200 each time. So if I was paying £31 a month on insurance over the life of our old boiler, I'd have spent £6324 on service/repair costs. When in reality I spent approx £1590.

Insurance companies make a lot of money out of our anxiety

I don’t pay anything. Pay around £100 for annual service.

£41 a month is over £400 a year. Are you getting your moneys worth?

I got a new boiler a couple of years ago. It's serviced once a year for £50. That's all I pay.

We don't insure our boiler. It's 40 years old. It will eventually break and when it does we will buy a new one.

A new one will cost around £2,500. It would have to be replaced every 5 years for insurance to make any sense.

£25 pm for boiler and emergency home cover. Used to have BG for boiler but it was almost double for just the boiler.

We’ve never had boiler cover but when our boiler packed in last year we ended up getting cover which meant it was repaired and has had a service since. This cost us £31 a month so £360+ for the year which seemed reasonable. But now it feels excessive! I think we’ll just take our chances and go back to annual services. We do have enough savings to replace a boiler if and when we need to.

That’s a good way of looking at it.

I dont have any cover, annual service of £65 & maybe im just lucky but have never had to have any repairs for a boiler!

Good plan to cancel I think op. Our boiler is something like 15 years old and we have never needed it fixed since we moved in 6 years ago. Just pay for the service.

I had plumbing cover once and they were shit when we had a leak one time so cancelled that as well. We find it ok with ad hoc.