Tesco Personal Finance was born out of a partnership between Tesco plc and Royal Bank of Scotland (RBS) in 1997.
In 2008, Tesco bought out RBS’s share and rebranded as Tesco Bank, which today offers a wide range of financial products from home insurance, to car insurance, pet insurance, credit cards, personal loans and mortgages.
Tesco Bank’s home insurance is underwritten by Tesco Underwriting Ltd.
Tesco Bank offers the following levels of home insurance cover:
Table note: The policy scores and information in the panel and tables below are for the “Standard” level of policy
What does Tesco Bank home insurance cover?
Elements marked with a ✔ are covered as standard, those marked with a ✖ are not. Elements marked with a £ can be added to a policy as optional extras for an additional cost.
Does Tesco Bank offer the best home insurance?
Here’s how Tesco Bank scored in our latest home insurance survey:
Tesco Bank’s home insurance policy: is it good or bad?
Tesco Bank’s buildings policy scored 63%, ranking it 42nd of the 58 policies we analysed.
Its contents policy ranked 31st with a score of 63%.
Best and worst features of the Tesco Bank policy
Tesco’s policy provides ‘matching sets cover’ – meaning it’ll replace a set or suite of matching items if one is damaged and can’t be replaced. Its contents cover also increases by £7,500 during special events such as weddings and – unlike with many home insurance policies – customers earn a no-claims discount.
Unfortunately, you can’t protect your no-claims discount to reduce the effect claims have on your premium. Another area the policy flags slightly is in its boiler cover. If your boiler needs replacing, they’ll contribute just £250 towards the cost.
We’ve rated hundreds of policy details and picked out the best and worst elements of this cover.
Members can log in to read our full policy analysis. If you’re not already a member, join Which? to access this review and thousands of others.
In detail: every part of Tesco Bank’s home insurance rated
To see how Tesco Bank’s home insurance compares with other policies, check out our guide on the best and worst home insurance.
How did customers rate Tesco Bank’s home insurance?
As well as looking at how Tesco Bank’s home insurance policy stacks up against others, we’ve also analysed how customers who have recently made a claim feel about it.
Tesco Bank’s home insurance scored 69% with customers, placing it 6th out of the 14 home insurers we received sufficient responses for in our customer survey.
Members can log in to see our range of customer service star ratings and read about individual customers’ experiences. If you’re not already a member, join Which? and get full access to these results and all our reviews.
Tesco Bank home insurance customer satisfaction
Table last updated in March 2022. Next update in March 2023. A ‘-‘ indicates we didn’t receive sufficient customer responses to generate a score.
How can you save money on Tesco Bank home insurance?
The first offer an insurer makes isn’t necessarily the best they’re able to provide. So, before coughing up your cash, check what other insurers are offering for comparable cover and ask if your current insurer can better it.
Carefully consider what’s optionally included in the quote. You may want the confidence of an all-singing, all dancing policy – but certain add-ons might not be for you, or could duplicate cover you already have separately.
Where you buy your cover can sometimes make a difference to what you’ll end up paying, which is why we recommend checking prices through multiple comparison sites (where available) as well as trying them direct.
Tesco Bank home insurance can be purchased online, over the phone, and from the following price comparison websites:
- Compare The Market
- Confused.com
- Go Compare
- MoneySupermarket
- Experian
- Quotezone
Above information correct as of February 2022. For more tips see our guide to getting a cheap home insurance quote.
What is the Tesco Bank home insurance claims number?
If you need to make a claim with Tesco Bank home insurance, check your schedule to find out which insurer is underwriting your policy, then call: 0345 677 7222
- Find out more: is it worth claiming on your home insurance?
