Home Insurance in Sweden: Top Options to Consider

Finding the best home insurance can be a daunting task, as there are so many options available. But don’t worry – I’ve done the hard work for you! I’ll provide an overview of all the top home insurance in Sweden and also share my experience with one of them when I had water damage in my apartment.

Not only this will help you make an informed decision about which one is right for your needs, but it will also give you peace of mind knowing that your property is safe and secure.

What is home insurance?

Protecting your home and your belongings is important, and that’s where home insurance comes in. Home insurance (also known as homeowners insurance or renters insurance) is a special policy that provides financial protection against damage to your home and its contents.

In Sweden, you can choose from a wide range of coverage options that suit your needs. Home insurance can offer coverage for losses due to natural disasters, like fires, floods, storms, hurricanes, and earthquakes.

Safeguarding your home is essential, and home insurance ensures that you have the support you need in case of any unforeseen events.

Benefits of having a home insurance

Safeguarding your home, whether you own it or rent it, is a top priority for any individual. One way to achieve that security is through home insurance. This essential coverage not only offers you peace of mind but also protects you from financial catastrophe in the event of an unforeseen disaster.

With home insurance, you get a lot of protection without breaking the bank. Here are the benefits of having home insurance in Sweden:

Home insurance in Sweden

With just your personnummer, you can access a wide variety of insurance options to suit your needs. If you don’t have a personnummer yet, consider checking out If or Länsförsäkringar from home insurance options.

While there are numerous home insurances companies in Sweden, here are the top four frequently recommended providers:

Hedvig is one of the fastest-growing home insurance companies in the Nordics. Known for its digitized processes, Hedvig offers home insurance at costs that are 20% lower than the market average. They also provide accident insurance as an additional option to your home insurance policy. Hedvig offers tailored coverage for various housing types, including:

• Homeowner (bostadsrätt)
• Rental
• Student
• House & Villa

I have a positive experience with Hedvig especially when I had to file a claim due to water damage in my home. The claims process was smooth and hassle-free which made a huge difference during a stressful time.

I have shared more about my personal experience with Hedvig and the water damage incident if you want to learn more!

Hedvig Home Insurance Coverage Highlights

• Comprehensive coverage up to 1,000,000 SEK with a fixed deductible of 1,500 SEK
• Travel insurance for up to 45 days per trip
• All-risk coverage (compensation for unforeseen events)

Pricing

You can get a quote through Hedvig’s website, but as an example, rental home insurance for a 50 sqm apartment costs 149 SEK per month, while homeowner’s insurance for a 55 sqm apartment for two people costs 159 SEK per month.

Länsförsäkringar, headquartered in Stockholm, has been a prominent home insurance provider in Sweden since 1844. They offer tailored coverage based on your housing type, including:

Länsförsäkringar Home Insurance Coverage Highlights:

• Different deductible options for lower insurance costs
• Three plans to choose from: Basic, Extended, and Extended + Travel Insurance

Pricing:

Get a quote through Länsförsäkringar’s website. For example, homeowner’s insurance with a 1,400 SEK deductible for a 55 sqm apartment costs between 143 SEK and 214 SEK per month, depending on the chosen plan.

If is the leading non-life insurance company in the Nordic region, focusing on customer satisfaction. They offer various home insurance options based on your housing type:

I also have my business insurance in Sweden and my cats’ insurance with If. They offer a discount when you bundle multiple insurance policies, making it a cost-effective choice for comprehensive coverage.

If Home Insurance Coverage Highlights:

• Comprehensive coverage up to 1,500,000 SEK with a fixed deductible of 1,500 SEK
• Travel insurance for up to 45 days per trip
• Three coverage plans are available

Pricing:

Get a quote through If’s website. For example, homeowner’s insurance for a 55 sqm apartment costs between 137 SEK and 346 SEK per month, depending on the chosen plan.

Trygg-Hansa is a company that has been providing security to people and companies since 1828. In 2021, they became part of Scandinavia’s largest insurance firm with Moderna Försäkringar merging into them in 2022 when they form Sweden’s third-biggest insurance company.

Their home insurance coverage depends on your type of housing:

Trygg-Hansa Home Insurance Coverage Highlights:

• Comprehensive coverage up to 1,500,000 SEK with customizable deductible options
• Basic protection with supplements depending on your housing type

Trygg-Hansa Pricing:

Get a quote through Trygg-Hansa’s website. For example, homeowner’s insurance for a 55 sqm apartment starts at 216 SEK per month. If you wish to include all-risk coverage, it will cost an additional 62 SEK per month.

How to choose the best home insurance in Sweden

When choosing the best home insurance in Sweden, it’s essential to consider several factors to ensure you get coverage that suits your needs and budget. Here are some tips to help you make an informed decision:

Assess your coverage needs

Compare different providers

Evaluate policy terms and costs

Selecting the best home insurance in Sweden requires careful evaluation of your coverage needs, comparison of multiple providers, and attention to policy terms and costs. Utilize tools like Compricer to streamline the process and ensure you find the perfect insurance policy tailored to your needs. Click here to try Compricer today and make an informed decision for your home insurance needs.