Home premiums stable in Q1 2017 according to AA Index
However premiums are set to go up and will also be hit by a 2% IPT increase from June this year.
Home insurance premiums have moved little over the first quarter of 2017, according to the AA’s benchmark British Insurance Premium Index.
Michael Lloyd, the AA’s insurance director, said the cost of cover has “remained relatively stable” and a “relatively storm-free winter” and “benign weather” had helped keep things steady.
However this is unlikely to continue moving further into 2017, Lloyd added.
“Insurance Premium Tax (IPT) increased to 10% from last October and will rise again to 12% in
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