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Home insurance premiums fall in all postal areas

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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.”

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