By far the best way to get cheap mortgage insurance is to shop around and choose an independent provider. An independent provider has the knowledge you need to make sure that the policy you want to buy is the right one for you.
Most people's biggest monthly expense is their mortgage, so it's important to make sure it's covered in case something like an accident, illness, or losing your job causes a big drop in their income and they can't keep up with their mortgage payments. Even if you're having a hard time, the mortgage lender will still want their money every month. Getting cheap mortgage insurance can protect you from losing your home, and if you shop around, it doesn't have to cost you a fortune.
Most mortgage lenders don't care much about being honest when they try to sell you mortgage insurance along with your mortgage. Some people will even tell you that you have to take the protection with you when you get a mortgage. This is not true, and while some lenders will ask that you have the protection, you can go to a separate provider for the cheapest mortgage cover if you want to.
In the past, high street lenders were known for charging outrageous premiums for the cover, and when it came down to it, many people found they couldn't make a claim because they were mis-sold the policy. This is another very good reason to buy insurance on your own. An independent provider is usually a specialist who knows the business inside and out and can give you the best advice on how to choose your policy.
