If you’ve gone the extra mile to make your home ‘eco friendly’, be it by fitting the best possible insulation, switching to a renewable energy provider or installing your own solar panels, it makes sense to make sure that your insurance provider agrees with your ethics.
Things to consider when looking for a more responsible insurer include whether the company has an ethical investment policy, its environmental stance and legal structure (for tax avoidance). To get you started we’ve pulled together three of the most ethical insurers on the market, including those that have a specific focus on ‘eco homes’.
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With 10 per cent of the premium you pay going towards environmental projects and discounts for energy efficiency, insurance broker Naturesave certainly wears its eco credentials on its sleeve. It also provides cover for all types of buildings, including self-build and eco homes, and alternative builds like timber-framed houses. Renewable energy systems including solar PV panels are covered as standard, which is unusual in the industry.
As an insurance broker, Naturesave says it aims to select partners that have committed to stopping underwriting coal-fired power plants mines and coal mines. While all of its partners are still investing to varying degrees in fossil fuels, Naturesave says “we continue to use our long standing and growing presence in the market to apply pressure for change that we hope will ultimately lead to a truly fossil fuel free insurance product.”
The Environmental Transport Association, or ETA, has been named the UK’s most ethical insurer (with Naturesave) by the Good Shopping Guide since 2015. As it’s name would suggest, the company’s major focus is on transport insurance (including cycling) and 10 per cent of its premiums help to support a campaign for sustainable transport. It does, however, also offer home policies.
Ecclesiastical offers ethical insurance for churches, charities and community organisations. Since 2016, the firm says it has donated more than £97 million to over 7,000 charities that are tackling issues like poverty, disability, education, health and heritage.