Home insurance prices fall again to new record low
The average cost of home insurance dropped to £300 in 2022, the cheapest since the Association of British Insurers started collecting data in 2012.
The price paid for combined buildings and contents cover was down 6% on 2021.
According to the ABI’s Household Insurance Premium Tracker, which surveys prices paid rather than quotes, separate buildings and contents policies were also at an all-time low at £228 and £116 respectively.
The Financial Conduct Authority’s ban on dual pricing came into force on 1 January last year.
Related FCA updates dual pricing rules ABI puts February storm payouts at £500m WorriesOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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