Income protection is there to help if you're out of work due to illness or injury.

We compare income protection from the UK's leading providers including Aviva, Legal & General, Friends Life and many more. This means you'll be able to find the best income protection policy for you. We've cut our commission by 75%, so you'll always find us cheaper than the main comparison sites. That means an identical product from the same provider for less. Click to give us your information - all we need from you is your age, profession, the amount of cover you’d like and the type of protection - and see how much you can save.

The benefits of comparing with Best Price FS:
  • Simple and straightforward online quote process
  • Wide range of options available from the UK's leading insurers
  • We don’t require a phone number, so you can be reassured that we won't be cold-calling you in the future.

Compare quotes from the insurers below.

PRU Protect
Legal & General
AIG
Aviva
Exeter Family Friendly
Liverpool Victoria
Friends Life
Cirencester Friendly
Bright Grey
Scottish Provident
What is income protection insurance?

If you're off work due to injury or illness, this cover provides a monthly income to compensate for the wage you'd receive in otherwise good health. Paid directly to you, the instalments can be used to supplement personal savings and state-benefits. These monthly payments are tax-free, and can provide 50-70% of your usual income until you return to work or until the end of your policy term, whichever is sooner.

How does it work?

When taking out your policy, you must arrange a deferral period for the time between you making a claim and when your payments kick in. Often this is arranged to follow any sick pay you will receive from your employer, and the longer your deferral period, the lower the premiums you will pay. Other factors that will affect your monthly premium are your age, occupation, and the level and term of your policy.

Why you should compare income protection quotes with us

Our low commission rates mean we're beating the comparison sites - see how much you can save with us.

Provider Best Price FS Confused.com GoCompare
Monthly
Premium
£15.87 £19.65 £19.65

These prices are based on a 35-year old office administrator, non-smoker, purchasing £1,200 of income protection cover until the age of 65.
Prices are for the same Legal & General policy offered by each provider, and are correct as of April 29th, 2016.

Now looking at this table you may be thinking “Oh, it’s only a few pounds a month difference” and you’re right. But you know the saying “look after the pennies and the pounds will look after themselves”? Check out this example below.

The difference of £3.78 in the monthly premiums means you’ll pay an additional £1,360.80 for identical coverage over the lifetime of the policy; admittedly not a huge amount over 30 years. But if you were to invest that saving each month, for a 6% return, over the life of the policy, this would amount to a total of £3,838.82. This means that, over 30 years, you could be £5199.62 better off for the exact same outlay. Again, perhaps not a huge amount but surely better as a little windfall for you in 30 years than an unnecessary expense. And if you could afford to contribute an additional £6.22 to bring your monthly investment to just £10, after 30 years you would have accrued £10,155.60. Now that’s getting a bit more interesting! Even after 30 years, allowing for inflation, that amount would still probably pay for a nice retirement party or holiday. Does that make saving yourself only £3.78 every month just a little more interesting?

Types of Income Protection

Long-term Income Protection

Long-term income protection is the standard form of cover you'll find. A policy like this will pay you your benefit until you return to work or until you retire, die, or your policy term ends. Crucially, it will pay out for as long as is necessary and for as many times as you need to claim on it. Make sure to read the key facts of each policy to understand how, what for, and when you'll be covered.

Short-term Income Protection

Short-term income protection is only designed to provide your benefit payouts for a limited time, usually around 1-2 years in total. It can also be restricted in the range of illnesses and injuries it covers you for. However, it will be significantly cheaper than long-term income protection. Make sure to read the key facts of each policy to understand how, what for, and when you'll be covered.

Understanding your Income Protection Premium Type

Guaranteed Premium

Income protection cover with a guaranteed premium means the amount you pay stays the same throughout the policy term. The premium will only go up if you increase the cover. Most policies like this cost slightly more to start with, but provide you with the assurance that prices won't change.

Reviewable Premium

A policy like this will be reviewed at set periods, typically every five years, at which point your premiums could go up or down. You may find, however, that premium payments will start off cheaper than with guaranteed Income Protection cover, and any changes in your health will not affect the reviews.

Compare Quotes

Just fill in a few details to get instant quotes from the UK's top insurers, all with no obligation. Just click here complete the form and we’ll get started.

Apply By Post

Download all documentation, fill it in at your leisure, and send it to us by post. You'll get regular updates about the progress of your application.

Save Money

We're always cheaper than the main comparison providers, so you can be sure that you'll be saving money each and every month of your policy.

Compare the best Income Protection Insurance in the UK

Comparing Income Protection quotes with us is easy, and all of our quotes come from the UK's top Income Protection providers. Just fill in a few personal details to construct your quote, including your age, profession, and the amount of cover you'd like, and we'll gather a range of quotes to help you find the policy that best meet your needs. Explore your options, learn more about each insurer, and compare the best Income Protection quotes.

Compare quotes now
Need Advice?

If any personal issues, such as health conditions, family arrangements or the size of your estate, mean that your financial situation is complex, you may benefit from personalised financial advice. As independent financial advisers based in South Wales, Best Price Advice can provide guidance in these areas to help you effectively manage your finances and find the Income Protection policy that will give you the security you need. Visit their website to find out more, or call today on 01639 860111.

Visit Best Price Advice
Find out more from our blog
Income-protection-insurance-explained

Check out this infographic to find out all about Income Protection and how to save money on your premiums, without compromising the quality of your policy.

Income Protection Insurance or Life Insurance - which is more important? Find out why you may need them and which policy is suitable for you.

discount-insurance-brokers

Searching for the best insurance quotes can put your head in a bit of a spin, but here's how discount insurance brokers can help.