Consumer Behaviour Trends in the Cost of Living Shopping around and switching has decreased significantly since the ban on price walking. The introduction of an industry-wide guarantee, enforced by regulators, ensures that existing customers are not charged more than new customers. Home Market Insights In the home insurance market,…

British Concerns on Ability to Pay Household Bills Three out of ten British people are now ‘very worried’ about their ability to pay household bills, according to the latest cost of living report from Consumer Intelligence. The proportion has reduced from its 35% peak in late August, following the announcement…

Consumer Intelligence Home Insurance Premium Trends Consumer Intelligence data reveals that the average premiums for competitive home insurers have decreased by 7.9% in the last six months. The cost of the best home insurance deals has also fallen by 7.9% to £136 during the same period. However, there are indications…

One third of the population (33.52%) say they’re more likely to try fixing problems around their home themselves because of the cost-of-living crisis – instead of hiring professional tradespeople. With 6% putting off a new house purchase and 16% putting off a proper home renovation, insurance companies could well see…

AXA has established itself as one of the top 5 home insurance brands, according to the latest market share data from Consumer Intelligence. Consumer Intelligence surveys 24,000 consumers annually to gather insights on insurance renewals, including which providers customers are switching to and from. Aviva maintained its position at the…

Customer awareness of general insurance products may be lower than many companies realize, particularly due to the increasing availability of tiered products that often reduce coverage and raise deductibles. A recent survey conducted by Consumer Intelligence in February, involving 1056 participants, revealed that knowledge about coverage levels and deductibles varied…

Home Insurance Price Trends The average cost of home insurance has increased by 6% in the past three months according to recent data from Consumer Intelligence. However, prices have remained relatively stable over a 12-month period. Regional Disparities Londoners pay the highest premiums at £206, while the North East has…

Market Trends in Home Insurance In response to rising claims inflation, recent data from Consumer Intelligence suggests that the home insurance market is taking steps to safeguard itself. The surge in construction material costs, driven by various economic factors, has led to spikes in labor expenses and supply shortages for…

Average Home Insurance Premiums Increase The average quoted price of home insurance increased by 36.1% in the 12 months leading up to October, marking the highest annual increase on record. This surpasses the previous high increase of 25.7% set just three months earlier, according to the latest Consumer Intelligence Home…

Home Insurance Price Trends The average quoted price of home insurance saw a significant increase of 40.6% in the 12 months leading up to January, marking the highest annual rise since 2014. This rise surpasses previous records set in the last two quarters. Premiums mainly fell within the £150 to…