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Best ways to save on your self-storage

Best ways to save on your self-storage
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Get the best deal for your self-storage

Looking to reduce your monthly storage bill? Here are some ideas to help ensure you get best value for money from your storage unit.

Save cash on your self-storage by choosing the right storage company

When you start on your self-storage journey, if keeping your bills low is a priority, watch out for introductory offers that run out after a few months. When comparing storage costs, it’s better to work out the annual cost of self-storage over an entire year, rather than trying to compare monthly costs.

Here are some other things to consider when choosing a self-storage company.

Try to get a better deal by storing long-term

Some storage companies will offer a better deal if you pay annually, rather than monthly. Talk with your storage company and see if they are willing to haggle or negotiate.

Keep your storage bill down by storing selectively

It’s tempting to throw everything you don’t use often into your storage locker – but are you paying to store domestic goods that you don’t actually want?

An inventory will help you keep an eye on what you have in storage, and it may be a requirement of your storage company to maintain a list of what’s in your storage unit. It’s also useful for getting self-storage insurance quotes. We’ve got an article about making a self-storage inventory.

Declutter your storage unit from time to time. Have a plan for disposing of items you no longer want and no longer use. This will make it easier and quicker to get rid of them. If you are ruthless about decluttering, you may even find you can downsize your storage room to reduce your monthly storage bill.

Efficient packing to cut your storage costs

Arranging your storage unit efficiently will allow you to get more stuff into it, giving better value for money. It will also make your stored goods easier to access and inspect.

You can also save yourself some money with our packing material hacks – for example by re-using packing material.

Review your self-storage situation

Self-storage companies are popping up all over, and if you’ve been with your current provider for a few years, you may find that a new rival offers a better deal. They may have a facility that is more modern, or more convenient – or even cheaper. We’ve got a guide to switching to a cheaper storage company.

Check you are not overpaying for self-storage insurance

Self-storage insurance will be mandatory if you are storing your things with a reputable company.

Use your inventory to check that you are not over-insuring your stored goods. If you’ve recently moved a high-value item out of storage, you should be able to reduce your self-storage insurance premium.

Some companies slip insurance on to the end of your monthly bill, and their self-storage insurance offering may not be competitively priced.

That’s why we recommend shopping around every once in a while to make sure you’re getting the best deal for your self-storage insurance. Get a quote from Store and Insure for self-storage insurance to see if you can save money each month on your storage spend.

We hope these ideas will help you to save money each month on your self-storage.

 

Question and Answer

 

Fixed Term Policy or 28 day Rolling Renewal

When buying a Policy you have the option to :- 

i) buy a Policy on a 28 day rolling basis which we will automatically renew and we will forward to you a new Policy document for the new period OR

ii) buy a Policy for a specific period, ie 14th June to 29th August, where you pay all the premium upfront. We will send a notification that you Policy is about to expire, some 7 days prior to the actual expiry date of your Policy, and seeking your further instructions.

 
 
 

How can I reduce my storage costs while I go travelling?

You may be able to make some savings on your storage bills while you are abroad by storing for a fixed term. If you know you’re going away for six months, you might get a discount by paying for six months of storage in advance, rather than paying month by month. And storage companies with a central location may charge a bit more – but if you know you won’t be visiting your storage room very often because you’re abroad, you can save by using a storage centre in a less convenient location.

 
 
 

How much is self storage insurance ?

The cost is based on the sum insured (value of your goods) and the length of time they will be stored in the self storage facility. We aim to be competitive in our pricing but, equally, we want you to have the support of a first class insurer should you need to claim and this is the reason your goods are insured at Lloyd's, one of the most reputable insurance organisations in the world, who have been in existence since 1688.

For your security and protection and, unlike some of our competitors, we do not use insurers based overseas for obvious reasons.