Increase in Home Insurance Rates Due to Unpredictable Weather


• Homeowners across the country have experienced a 2.9% increase in average home insurance prices over the past six months due to the intense 2019-2020 UK storm season.
• Data analytics expert Consumer Intelligence analysis shows that average overall premiums in the market currently stand at £149. Premiums for over-50s have risen by 3.5% to £139, while under-50s have seen a 3.1% increase to £158.
• John Blevins, a pricing expert at Consumer Intelligence, explains that the rise in premiums is a result of claims costs from severe weather impacting pricing across the market.
• Southern postcodes, particularly in London and the South East, have the highest average annual premiums for home insurance, with Londoners paying £195 on average.
• Older properties built between 1895-1925 have seen a decrease in premiums over the last 12 months, while newer homes built post-2000 have the lowest premiums at £137.
• Properties constructed between 1925-1940 have experienced the largest premium increases, with a 5.4% rise in insurance costs.
• The Home Insurance Price Index provides valuable insights for optimizing pricing strategies in the insurance market. Download the index to benchmark major insurance brands and understand market movements.
• For further information, contact Catherine Carey, PR & Communications Manager at Consumer Intelligence. Visit the Consumer Intelligence website for more details about the company and its services.