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Home insurance premium “5.6% cheaper than a year ago”

According to the analysis, home insurance premiums have fallen by 5.6% over the past year.

Across United Kingdom According to Consumer Intelligence, the average price of buildings and content is £ 144.

Mid-century homes recorded the largest reduction in premiums in the last 12 months, with a typical decline in properties built between 1940 and 1955 of 7.4%.

House Those built between 1910 and 1925 were 7% cheaper.


The domestic market is already a very competitive place

Harriet Devonald, Consumer Intelligence

Older homes continue to pay higher premiums, according to the report, reflecting the higher cost of claims by owners.

Victorian properties typically have an annual premium of £ 169.

Properties built this century are the cheapest to insure for an average of £ 133.

London (£ 202) remains at the top of the list of regions.

With Southeastern (154 lbs) and Yorkshire Humber (£ 150) is only in the other two regions where the annual policy exceeds the national average of £ 144.

Harriet Devonald, Product Manager of Consumer Intelligence, said:

North East (£ 113) is still the cheapest region, with the East Midlands (£ 124) Southwest (£ 130) or less.

According to Consumer Intelligence, the average premiums and their percentage declines in July are:

– Wales, £ 135, minus 3.2%

– East Midlands, £ 124, minus 3.7%

– West Midlands £ 138 minus 4.6%

– Scotland £ 139 minus 4.8%

– Southwest £ 130 minus 5.1%

– Eastern England, £ 135, minus 5.8%

– London, £ 202, minus 6.2%

– Northeast, £ 113, minus 6.7%

– Northwest £ 141 minus 6.7%

– Southeast £ 154 minus 6.8%

– Yorkshire and the Humber £ 150 minus 7.9%

Home insurance premium “5.6% cheaper than a year ago”

Source link Home insurance premium “5.6% cheaper than a year ago”

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