June marks the halfway point of the year, which makes it an ideal moment to pause and reassess your insurance arrangements. Policies you bought months or even years ago might no longer reflect your current circumstances, and the market shifts constantly. A mid-year review can uncover better deals, reveal gaps in cover, and ensure you are not paying for protection you no longer need.

According to the Association of British Insurers, many households hold multiple insurance policies that renew at different times of the year, and those who shop around at renewal typically save money compared to auto-renewing (ABI, 2026). MoneyHelper also recommends regular insurance reviews to keep pace with life changes and market conditions (MoneyHelper, 2026).

Below are six policies worth reassessing in June, along with what to check and why now is a good time to act.

1. Motor Insurance

Your car insurance likely renews once a year, but circumstances can change quickly. If you have moved house, changed jobs, added a new driver to your household, or altered your annual mileage, your premium and level of cover might no longer be accurate.

Why review now: June sits outside the peak renewal months of January and July for many drivers, so comparison sites may show less volatile pricing. This gives you a clearer picture of the market before your renewal notice arrives.

What to check:

  • Whether your no-claims bonus is protected and up to date.
  • Your declared annual mileage and how it matches your actual driving patterns over the past six months.
  • The excess level on your policy (both voluntary and compulsory). A higher voluntary excess can reduce your premium, but only if you can afford to pay it in the event of a claim.
  • Whether you need extras such as breakdown cover, courtesy car, or legal protection, and if those are cheaper to buy separately.

If your policy renews soon, start comparing quotes three to four weeks before the renewal date. Insurers are required to show you last year’s premium on your renewal notice, so you can see any increase at a glance.

2. Home Insurance (Buildings and Contents)

Home insurance often renews automatically, and premiums can creep up year after year if you do not challenge them. June is a sensible time to review because it falls outside the busiest moving season and allows you to check that your cover still reflects the value of your home and possessions.

Why review now: If you have carried out home improvements, replaced expensive items, or moved belongings in or out, your sum insured might be out of date. Under-insurance can leave you with a shortfall if you need to claim, while over-insurance means paying for cover you do not need.

What to check:

  • The rebuild cost of your property (for buildings insurance). This is not the same as the market value. The Association of British Insurers offers a rebuild cost calculator to help estimate the figure.
  • The total value of your contents. Walk through each room and add up the replacement cost of furniture, electronics, clothing, and other possessions. Do not forget items stored in the loft, garage, or shed.
  • Whether you need accidental damage cover. This is usually an optional extra and can be expensive, so consider whether it is worth the cost based on your household’s risk profile.
  • Your excess. Increasing the excess can lower your premium, but make sure you can afford to pay it if you claim.
  • Any high-value items that need to be listed separately, such as jewellery, watches, or musical instruments. Standard contents policies often cap single-item limits at £1,500 or £2,000.

If you are coming up for renewal, get comparison quotes and contact your current insurer to see if they will match a cheaper offer. Some insurers will negotiate rather than lose your business.

3. Life Insurance or Term Assurance

Life cover is often arranged and then forgotten, yet your circumstances may have shifted significantly since you first took out the policy. A mid-year review ensures the cover still matches your family’s financial needs.

Why review now: If you have had a child, taken on a larger mortgage, or started a business, your existing sum assured might no longer be adequate. Conversely, if your children are now financially independent or your mortgage is nearly paid off, you might be paying for more cover than necessary.

What to check:

  • The sum assured. Does it still cover your outstanding debts, funeral costs, and provide enough income replacement for your dependents?
  • The policy term. Does it run until your youngest child reaches 18 or finishes university, and does it align with your mortgage term if that was part of the original calculation?
  • Whether the policy is written in trust. This can speed up the payout and keep the sum assured outside your estate for inheritance tax purposes.
  • Whether the premium is still affordable and whether there are cheaper equivalent policies available if you are in good health.

Life insurance premiums are based on your age and health at the time you apply, so if you took out cover when you were younger and healthier, a new policy might cost more. However, if you are paying for decreasing term assurance when you now need level cover (or vice versa), it is worth comparing the market.

4. Travel Insurance

If you bought an annual multi-trip policy last year, it may be due for renewal in the coming months. Even if it renews automatically, June is a good moment to reassess whether the cover still suits your travel habits and whether you are getting value for money.

Why review now: The travel insurance market can shift rapidly, and cheaper policies with better cover may have appeared since you last shopped around. Your travel patterns might also have changed, for example if you are now travelling to different regions, taking more trips, or travelling with new family members.

What to check:

  • The maximum trip length. Most annual policies cap individual trips at 31 days, but some allow 45, 60, or even 90 days. If you are planning a longer holiday, make sure your policy covers it or consider a single-trip policy for that journey.
  • Geographic limits. Policies are usually split into UK and Europe, worldwide excluding USA/Canada/Caribbean, or worldwide including those regions. Check that your planned destinations are covered.
  • Pre-existing medical conditions. If your health has changed, you must declare this to your insurer. Some policies automatically cover certain stable conditions, while others require an additional premium or exclude cover altogether.
  • Activities and sports. If you ski, dive, or take part in adventure sports, make sure these are included. Many standard policies exclude them or require an extra premium.
  • Cover limits for cancellation, medical expenses, baggage, and personal liability. Make sure these are adequate for the cost of your trips.

If you do not travel frequently, a single-trip policy for each journey might be cheaper than an annual policy.

5. Pet Insurance

Vet bills can run into thousands of pounds, and pet insurance offers peace of mind, but policies vary widely in what they cover and how premiums change over time. A mid-year check ensures you understand what your policy will and will not pay for.

Why review now: Many pet policies are annual contracts, and premiums typically increase as your pet ages. If your renewal is approaching, this is the moment to compare policies and decide whether to stay with your current insurer or switch.

What to check:

  • The type of cover. Accident-only policies are the cheapest but cover very little. Time-limited policies pay for each condition for a maximum of 12 months. Maximum-benefit policies pay up to a set amount per condition over the pet’s lifetime. Lifetime policies offer the most comprehensive cover, paying up to a set amount each year for ongoing conditions.
  • The annual limit and per-condition limits. Make sure these are high enough to cover serious illness or injury.
  • The excess. Some policies have a flat excess per claim, while others charge a percentage of the claim value.
  • Exclusions. Pre-existing conditions are almost always excluded, and many policies exclude certain breeds, hereditary conditions, or dental treatment unless caused by an accident.
  • Whether the policy covers complementary treatment, boarding fees if you are hospitalised, or death from illness or injury.

If your pet is young and healthy, switching to a new policy might save money. However, if your pet has developed a condition since you took out the policy, any new insurer will class that as pre-existing and exclude it from cover, so think carefully before switching.

6. Income Protection or Critical Illness Cover

These policies are often overlooked but can be vital if you are unable to work due to illness or injury. If you have this cover in place, June is a useful checkpoint to ensure the benefit amount still matches your income and outgoings.

Why review now: If your salary has increased, your mortgage or rent has gone up, or your household expenses have changed, your existing cover might no longer be sufficient to maintain your standard of living if you cannot work.

What to check:

  • The monthly benefit amount. Does it cover your essential bills, including mortgage or rent, utilities, food, insurance premiums, and any loan repayments?
  • The deferred period (also called the waiting period). This is how long you must be unable to work before the policy starts paying out. Common periods are 4, 13, 26, or 52 weeks. A longer deferred period reduces the premium but means you need savings or sick pay to cover the gap.
  • The definition of incapacity. Some policies pay out only if you cannot do your own job, while others pay only if you cannot do any job. Own-occupation cover is more expensive but offers better protection.
  • Whether the policy covers partial incapacity or just total incapacity.
  • The policy term and whether it runs until your expected retirement age.

For critical illness cover, check the list of conditions covered and whether the policy includes partial payments for less severe diagnoses. Some modern policies now pay a percentage of the sum assured for early-stage cancers or heart attacks, rather than an all-or-nothing lump sum.

Conclusion

A mid-year insurance review does not need to be complicated, but it can save you money and give you confidence that your cover matches your current life. Set aside an hour or two in June to work through these six policies, compare quotes where your renewal is approaching, and update your cover levels if your circumstances have changed. If you are unsure what cover you need or how to compare policies, consider speaking to an FCA-authorised insurance adviser who can assess your personal situation and recommend suitable options.

Financial Disclaimer: The information in this article is for general educational purposes only and does not constitute regulated financial advice. We are not authorised by the Financial Conduct Authority. Insurance needs vary by individual circumstance, and cover terms, exclusions, and premiums differ between insurers and policies. Always read the policy wording, key facts document, and terms carefully before purchasing or renewing insurance, and consider speaking to an FCA-authorised insurance adviser or broker for advice tailored to your personal situation.