Home insurance rates fall but motor rises

car

AA's index shows first rise in car insurance rates since early 2012.

The cost of insuring a home and its contents has fallen while car insurance is on the rise according to the AA's British Insurance Premium Index.

According to the research, relatively benign weather over the past couple of years has helped to knock nearly £20 off quoted premiums for combined buildings and contents insurance policies over the past 12 months.

The AA noted that the flooding earlier this year made plenty of headlines but had no impact on premiums.

"Shoparound"
The index shows that

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Broking profits fall at Saga

Underlying profit before tax in Saga’s insurance broking arm fell to £39.8m for the year ended 31 January 2024, compared with £71.5m in the previous period.

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