Home insurance premiums fell to a six-year low in the last quarter of 2015 offering brokers a reason to contact clients ahead of their renewal date.
Home insurance premiums fell to a six-year low in the last quarter of 2015 offering brokers a reason to contact clients ahead of their renewal date.
Analysis from MoneySuperMarket looked at seasonal home insurance quotes from across the UK to identify overall trends in premiums, and the postal towns which saw the largest and smallest price drops.
Overall, prices fell by 6% in winter 2015/16 compared to winter 2014/15. Premiums across the UK now stand at £109 on average for combined buildings and contents cover.
Kevin Pratt, consumer affairs expert at MoneySuperMarket, said: “With the exception of a few postcodes, premiums have been reducing steadily for six years now, thanks mainly to falling burglary rates.
“This could mean great savings for consumers, but only for those who shop around at renewal to find a better deal.
“Those who have never switched insurer – and who are likely to have seen their premiums increase over the years – stand to save the biggest amount.
“There are savings of up to £602 to be made by switching providers, so it’s worth taking advantage of the low premiums while they’re available.”
