You are here: Home - Insurance - News -

Home insurance premiums fall in all postal areas

Written by:
Average home insurance premiums have fallen in all 121 postal areas since Spring 2013 to reach their lowest level in four years.

Average premiums have fallen from £136 per year last Spring to £124 per year, according to the research by This is the cheapest premiums have been since began tracking prices in 2010.

Homeowners in Bolton and Brighton saw the furthest falls, by 23 per cent and 14 per cent respectively.

Premiums in Sutton and Dorchester fell the least, both dropping by 11.9 per cent.

The decline is due to increased competition and a decline in burglaries, according to Kevin Pratt, insurance expert at

However, falling premiums at renewal shouldn’t make consumers complacent, he said. Pratt explained: “Sticking with an existing insurer is unlikely to net the best deal. Even though a renewal quote might be cheaper than the price paid last year, chances are homeowners will be able to save even more by switching to a different insurer so it is really important to shop around to maximise the savings available.”

Tag Box

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Could you save money with a social broadband tariff?

Two-thirds of low-income households are unaware they could be saving on broadband, according to Uswitch.

How to help others and donate to food banks this winter

This winter is expected to be the most challenging yet for the food bank network as soaring costs push more pe...

Your rights for refunds if travel is affected by strikes

There have been a wave of strikes this year across many different industries, and more are planned over Christ...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week