Home insurance premiums drop 8.2% year-on-year
Consumer Intelligence data reveals that a typical buildings and content policy now stands at £138, but premiums are expected to go up due to new pricing rules.
Consumer Intelligence research has revealed that due to Covid-19 and an ongoing “pricing battle” on price comparison websites, home insurance premiums have fallen by 8.2% in the past year.
However, the analytics expert expects increased volatility in the months ahead, driven by the new pricing rules insurers and brokers will need to abide by from January 2022.
Harriet Devonald, pricing expert at Consumer Intelligence, commented: “More people have been staying at home for longer periods – with
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