Aegon (formerly Scottish Equitable) has been a major player in the UK financial services market for decades, building a strong reputation for managing pensions, investments, and life insurance. However, Aegon does not sell, underwrite, or provide home insurance. While Aegon has offered a wide range of financial protection over the years (such as income protection and critical illness cover), they have never operated in the general insurance market for buildings or contents.
Because you cannot buy a home insurance policy directly from them, the best approach is to compare the wider UK market to find comprehensive cover at the best possible price. You can get independent advice and a personalised quotes comparison to protect your home from one of our expert advisers below:
Get home insurance quotes and advice today!
You can use our expert advisers to compare home insurance deals from AEGON with products from other providers across the market.
They will round up personalised quotes from AEGON and alternative providers and offer bespoke advice on which one to choose.
To get started, fill in our quick online form below and one of our expert home insurance advisers with be in touch today!
What type of home insurance should you look for?
Because Aegon does not offer its own home insurance products, you cannot buy a tiered policy (like Bronze, Silver, or Gold) from them. Instead, you need to find a standard market policy from a reputable general insurer that suits your specific property and lifestyle.
Buildings insurance
This covers the structure of your property, including the roof, walls, windows, and permanent fixtures (like fitted kitchens and bathroom suites). If you have a mortgage, your lender will legally require you to have this cover in place.
-
Cover limits: You should look for a policy that covers the full rebuild cost of your home (which is usually lower than its market value). Many modern policies offer unlimited rebuild cover to prevent under-insurance
-
Trace and Access: Ensure the policy you choose includes cover to find the hidden source of a water or gas leak
-
Perils Covered: A good policy will protect you against major risks like fire, storm damage, flood, and subsidence
Contents insurance
This protects your household goods and personal belongings; like furniture, electronics, and clothes, against theft, fire, and flood.
-
New for Old: Look for policies that replace older damaged items with brand-new equivalents rather than deducting money for wear and tear
-
Valuables: If you own expensive jewellery, art, or tech (usually anything worth over £2,000), you will need an insurer that allows you to specify these high-risk items on your policy
Combined home & contents cover
Most homeowners opt for a combined policy. Even though you have to source this independently rather than bundling it with your Aegon pension or life policy, buying buildings and contents cover together from a single provider is usually cheaper and much easier to manage than splitting them.
How your premiums are calculated
Because you will be buying from a third-party insurer (such as LV=, AXA, or Aviva) rather than Aegon, your premium will be calculated based on standard general insurance risk factors:
-
Property Location: Homes in areas with a history of flooding, subsidence, or high local crime rates will naturally cost more to insure
-
Property Type: The number of bedrooms, the age of the property, and its construction materials (e.g., standard brick vs. a thatched roof) dictate the underlying risk
-
Security Measures: Installing approved burglar alarms, smart security systems, and high-quality deadlocks can actively lower your premium
-
Claims History: Building up a strong No Claims Discount (NCD) over several years is the most effective way to lower your annual cost
Pros and cons
Because Aegon doesn't offer a specific home insurance product, here are the pros and cons of sourcing your own independent cover across the wider market:
|
Pros |
Cons |
|
Total Market Freedom: You aren't tied to a specific brand and can shop around for the most competitive premium |
No Brand Loyalty Discounts: You won't get a multi-product discount for holding your pension/investments and home insurance with the same company |
|
Tailored Cover: You can easily add on extras like Home Emergency or Family Legal Expenses that suit your specific lifestyle |
More Legwork: It requires you to actively compare different insurers rather than relying on an existing financial provider |
|
Broker Support: Using an independent broker means you get expert help navigating policy wording and exclusions |
Customer reviews
If you search for Aegon online, you will find reviews related to their investment platforms, workplace pensions, and historical life insurance products.
-
Trustpilot (Aegon UK): Aegon’s Trustpilot scores generally reflect their administration of retirement savings and pension transfers. Because they do not sell home insurance, there are no reviews regarding home claims handling or property policy wording
-
Choosing an Insurer: When our advisers find a home insurance policy for you, we will always recommend insurers that hold high Defaqto ratings (4 or 5 stars) and have strong, UK-based property claims handling reputations
How to get a home insurance quote
The best way to find a high-quality home insurance policy is through an independent broker.
Approaching a single insurer directly limits your options. Consulting with an insurance broker first gives you an overview of the entire market, ensuring you get the right cover at the right price, tailored perfectly to your home.
At Money Helpdesk, our home insurance experts always kick things off with a free, no-obligation chat. If you are looking to arrange cover for your property, get in touch and we will present you with all of your best market options.