Half of renters don’t have contents insurance

Almost half of renters in the UK (49%) do not have a contents insurance policy, according to new research from Compare the Market. In comparison, only 11% of homeowners don’t have contents cover. The main reason renters don’t have contents insurance is to save money, due to their other living costs (30%). Other reasons include…

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Home insurance premiums climb by 31% year-on-year

26th April 2024 Consumer Lending | #home insurance

Home insurance premiums increased by nearly a third (31%) between January and March 2024, compared to the same time last year, according to new research from Compare the Market. The average cost of insuring a home in the UK rose from £159 in 2023 to £209 this year, an increase of £53. Home insurance premiums…

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Home insurance premiums rise by 32% year-on-year

16th February 2024 Consumer Lending | #home insurance

Home insurance premiums increased by nearly a third (32%) in the final three months of 2023 compared to the same period in 2022, according to new research from Compare the Market. The average home insurance premiums in the UK jumped by £47 from £146 in the fourth quarter of 2022 to £193 in 2023. All…

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Home insurance with high-value items increases by 24%

23rd January 2024 Consumer Lending | #home insurance

The price of insuring high-value items within home insurance policies has risen by almost a quarter (24%) in the past 12 months, according to new data from Compare the Market. High-value items, usually worth more than £1,500, should be specifically declared on a home insurance policy to ensure they are fully protected. Contents valued at…

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