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…

Home Insurance Premium Trends in the UK Insurance premiums for UK homeowners have fallen by 5.6% in the last 12 months and 6.4% since their peak in June 2020 due to the impact of COVID-19. As restrictions ease and more people return to work, prices are expected to increase slightly….

Deflation in the home insurance market has led to reduced competition between brands and less movement in the market. Our latest figures show that a market share gain of +0.21% propelled a home insurance brand into the top 10 in our growth charts, which is significantly lower than the rate…

In just a few weeks, we will be unveiling the top insurance providers in the UK, chosen by consumers themselves. Every year, our Insurance Behaviour Tracker conducts a survey with nearly 50,000 insurance customers to gather feedback on home and motor insurance brands. The highest-rated brands receive a Consumer Intelligence…

Predictions for the General Insurance Market in 2022 It has never been easier to predict what will happen in the year ahead for the general insurance market. In fact, I can summarise it all in 1 word and 3 themes. Themes for 2022 Rising Costs Absolutely everything points to a…

Home insurance premiums have decreased by 8.2% in the past 12 months, with the average annual buildings and contents policy now at £138. This decline is attributed to the COVID-19 pandemic and ongoing pricing battles on comparison websites, leading to increased volatility in the market. Consumer Intelligence predicts that insurers…

The Challenge of Pricing in the Insurance Industry One of the biggest challenges faced by insurance pricing managers is the lack of visibility into their competitors’ strategies. Unlike other sectors where pricing decisions are more transparent, insurance managers often operate in the dark. They may know the quotes they provided…