Month: January 2024

Home Insurance Premium Trends Home insurance premiums have recently decreased by 0.9% since April due to the impact of the coronavirus pandemic. This trend is attributed to more people staying at home during national lockdowns, resulting in fewer claims being made. Analysis by Consumer Intelligence Consumer Intelligence, a data insight…

The average buildings and contents policy now stands at £145 Londoners pay almost 50% more for their home insurance when compared against the UK average Homeowners across the country have seen a 1.2% drop in average home insurance premiums thanks to a reduction in break-ins and water damage claims, resulting…

Over the last 12 months, COVID-19 has pushed the home insurance premiums down by 3.7%, with the average buildings and contents policy now standing at £146, analysis from data analytics expert Consumer Intelligence shows. However, the company predicts that premiums will begin to rise slightly as lockdown restrictions are eased…

Consumer Behavior in the Property and Insurance Market The property market has seen a significant boost due to the race for space and the impact of stamp duty. Homeowners are not only changing postcodes but also switching insurers as they move to larger properties to accommodate remote work and increased…