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How Much Is A New Oil Boiler?

An oil boiler is a very useful tool for providing both central heating and domestic hot water to a property by burning oil. As a result, they’re simply one of the most common alternative heating methods used in homes throughout the UK. If you’re not connected to the mains gas network, then it’s a no brainer to depend on another fuel for central heating purposes - oil. Therefore, if you’re looking to get a new oil boiler, you’d need to identify the size and price as there are a plethora of models to select from - all coming in a large array of sizes and prices. We’ve put together some important details about the prices to give you a good insight on the amount you’d have to incur to procure a new oil boiler. Let’s have a look!

Generally, gas boilers are less expensive when compared to the oil boilers. You can get a wide range of gas boilers from a starting price of £500 to £600, meanwhile you’d rarely find an oil boiler less than £1000 in the market.

The lowest priced oil boilers are typically priced starting from around £1000, and the best in class oil boilers normally costs more than £3000.

The rule is, the most expensive oil boiler is typically the largest one. So to have an idea, the bigger it is, the more money you’d have to spend. Oil boiler’s size is measured in kilowatts (kw), which showcases its power. To determine the type of oil boiler that best suits your home, the most significant factor would be the size as a bigger home will require a bigger oil boiler. You have an option to choose between the combi, conventional and the system models of oil boiler.

If your property is not connected to a gas main, oil boilers are a great alternative to gas boilers and more efficient than LPG alternatives. They can also be paired well with renewable sources. However, if your property is connected to the gas mains, there is generally no reason to switch to an oil boiler, as you will need to have oil delivered to an extra storage tank.

Yes. Modern condensing oil boilers are ‘A’ rated and therefore as efficient as comparable gas boilers. They come with the same controls as gas central heating systems, so you can still use a thermostat to control your heating efficiently. Also, oil is more efficient as a fuel source than gas, so you will get more energy per unit of oil. Oil prices can fluctuate, however, so ensure that you find a good supplier.

Your LPG storage tank should have a gauge that shows you how much fuel it has in it. Most LPG suppliers suggest that you arrange a fuel delivery when the level in your tank gets down to about 20%. Make regular checks, particularly in the winter when you will use more, so you know when levels are low.

If you get the right size boiler for your home and you get it serviced regularly, your boiler could last up to 15 years. It may even last longer than this, but you’ll find that your boiler begins to become less efficient as it gets older. Also, as technology improves, a boiler older than 15 years may not be the most efficient one on the market.

Breakdowns of boilers are quite common during the winter months and are usually very expensive to repair when this occurs. According to the research carried out recently by uSwitch, repairing a boiler can cost an average of about £314 with a figure over 20 percent of homes experiencing various heating system issues last year.

To answer the question of whether or not your existing home insurance will be enough to cover the boiler breakdown, the answer is probably not. This is due to the fact that heating system faults or breakdowns is a very common occurrence and as a result of poor maintenance practices as well as a high repair cost, several insurance companies often remove it from their home insurance policies.

Generally, you’d be given an option of what is termed as “emergency home cover which is an add on or extra to your home insurance policy. Luckily, this add on is quite inexpensive and may be as little as £4 or £5 per month. Depending on your need or budget, you can also purchase the add on as a “stand alone from your current insurer or another company. However, the stand alone option is usually more expensive.

The emergency home cover normally provides coverage for the boiler repair cost and few times, the rest of the central heating system as well. Being fully aware how important a boiler can be, insurance companies usually deliver a rapid response service as suggested in the name, “emergency home cover. However, the maximum pay out for call out charges is capped at a particular amount which usually ranges from £500 and £1,000. Apart from the call out fees, the emergency cover also includes a limit on the pay out amount for future required repairs of heating systems which includes both parts labour.

If your boiler is making strange noises or smells, or doesn’t seem to be working properly, it may need replacing. Boilers usually last about 10-15 years. Even if your boiler is working normally, it’s worth replacing when it gets this old. An annual check will establish if there are terminal problems with a boiler that cannot be fixed.

When it comes to boiler insurance in the UK, two companies easily comes to mind - British Gas Homecare and Homeserve. Just like any other choice you’d have to make, choosing the company that’s best for you might be a bit difficult especially if you don’t want to make the wrong choice. This article will give you a good insight into the pros and cons of the two companies’ boiler cover to help you make the best choice for your home.

British Gas Homecare Cover

Pros

• Reduced cost of services as a result of the annual payment option.

• An array of affordable packages including both few and several services

• Although vulnerable customers are prioritized, the company offers a 24/7 services.

• Unlimited claims

• Depending on what you wish to get, be it only a monthly boiler cover or more services, you’ll get several services’ options.

Cons

• With a 50% bad rating on a reliable customer review site, you know there is a question mark on the company’s customer service.

• Increment in renewal price after first year of service.

• Lacks cover for the boiler’s sludge or scale.

Homeserve Cover

Pros

• For most individuals, the 5 packages offered are affordable.

• 24 hour help hotline

• From reliable customer rating websites, the company offers a great service.

• Cover costs include both parts and labour.

• There are good options for one-off repairs.

• The options are cheaper than British Gas services.

• There are multiple choices for excess payments for various packages.

• An option for annual boiler repair.

Cons

• Lack of annual payment option

• The price of the packages will increase after the first year

• The services are mostly for houses or flats, while businesses and other types of property are being neglected.