BOILER owners could end up paying thousands of pounds over the years for cover they do not need, says Which?
The consumer group said many people would be better off paying for repairs and services as and when they are needed.
Which? estimated that even if customers needed a typical boiler repair every year for 10 years, they could still end up around £2,000 better off typically than if they took out annual boiler cover.
It asked more than 7,000 of its members about their experiences of boiler repairs and services, and analysed costs to work out whether boiler cover or paying as you go is more cost effective.
Which? found just 6% of boiler owners would have benefited financially in the event of a repair if they had had boiler cover, with the overwhelming majority being better off paying when required for repairs and servicing.
Half of people surveyed needed to call out a boiler repair person in the past five years, with those without cover paying an average of £107 per repair.
With the average cost for an annual service being £80, the combined cost of paying when required was still £101 cheaper than the average annual boiler cover premium of £288.
More than a third of people surveyed reported that their boiler had not broken down at all in the past five years.
Nearly one in five in the survey said they had boiler cover.
Two-thirds of them said it was for reassurance, as a catastrophic boiler failure could cost thousands of pounds.
People could instead set aside an emergency household repairs fund though in case the boiler breaks down.