6% annual average home insurance price increase


According to the Association of British Insurers (ABI), the average price of a home insurance policy was £315 in the first quarter of 2023, up 6% on the same quarter last year.

The average price of insurance in the first quarter of 2022 was £298.

Despite a rise in weather-related claims and more expensive building materials, the median price for a combination of home and household insurance has risen less than the rate of inflation over the past year, according to the ABI’s insurance premium tracker.

https://www.standard.co.uk/business/money/6-annual-increase-in-average-price-paid-for-home-insurance-b1081927.html 6% annual average home insurance price increase


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