Home insurance premiums fall after Covid-19 lockdown

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Figures from Consumer Intelligence shows average buildings and contents policies fell by 0.3% in the last three months.

The average buildings and contents policy has fallen by 0.3% in the last three months as a result of the coronavirus lockdown, according to Consumer Intelligence.

The organisation stated that a steep drop in recorded crime since the start of the lockdown contributed to the downward shift, as fewer claims were reported due to people staying at home more.

John Blevins, product manager at Consumer Intelligence, said: “It’s perhaps no coincidence that this period takes us through the recent

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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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