Cheap home insurance hotspots revealed

13.05.10

The price of home insurance varies by up to 176% depending on your postcode, new research has found.

The study by price comparison website Moneysupermarket.com  involved analysis of over 2m home insurance quotes over 12 months, and revealed the UK’s hotspots for the cheapest, and most expensive, home insurance  premiums.

The average cheapest home insurance premium for a property in the UK is £164 a year, according to the site.

Cheap home insurance

Homeowners in Bournemouth, York and Glasgow pay the lowest home insurance premiums, Moneysupermarket says. The cheapest available premiums in Bournemouth cost £103.98, with the cost of cover in York and Glasgow just slightly higher at £109.22 and £110.73.

Other locations that have been identified as cheap home insurance hotspots include Tidworth in Wiltshire, Nottingham, Leicester, Enniskillen in Northern Ireland, Aberdeen and Cardiff.

Pricier insurance premiums

On the other hand, the UK’s 10 most expensive places to buy home insurance are all in Greater London according to Moneysupermarket’s research.

Source: Which?

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