Compare home insurance to combat rising premiums
20 January 2012 15:59:51
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| Weather-related claims have pushed up home insurance prices. |
The average buildings insurance premium rose by 3.1% during the last three months of 2012, reaching £156.95, according to the latest AA British Insurance Premium Index.
Meanwhile, contents premiums increased by 4.4%, from £77.21 to £80.58.
During the whole of 2011, the average quote for building, contents and combined policies rose by up to 11%, with the trend largely being blamed on weather-related claims.
Simon Douglas, director of AA Insurance, revealed: "Storm damage, flooding and burst pipes are top of insurers' list of worries, following two harsh winters and increasingly frequent severe weather.
"The premium increases we have seen over 2011 reflect both past losses and concern about future claims."
The figures underline the importance of taking time to compare home insurance deals, although Mr Douglas insisted that insurance "still represents good value".
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Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
