Home insurance prices rise a record 36% in a year

house767

The average quoted home insurance price increased by 36.1% in a year to October, the highest annual rise on record, according to the latest Consumer Intelligence Home Insurance Price Index.

This beat the previous all-time high annual increase of 25.7% set just three months earlier. 

The average of the five cheapest quotes for a buildings and contents policy was £277. However, in October this year, premiums were most commonly being quoted between £150 and £199, as almost a third (31%) of quotes fell within that range. 

In October 2022, 83% of consumers received at least one buildings and contents insurance premium under £150 within the top five quotes on price comparison websites. A

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: