MoneySupermarket Monitor: Spotlight on Home Insurance

Welcome to the MoneySupermarket Monitor on home insurance. This is our regular publication that looks closely at the home insurance industry and gives us the opportunity to share the in-depth knowledge we have on average premiums, claims, contents and possessions insured. We also present key figures from data for the average number of bedrooms and residents per home.

In this fourth edition of our Monitor, the data are representative of 3,043,700 quotes run on MoneySupermarket.com from 1 March 2011 to 29 February 2012.

Key findings

• The average cost of overall home insurance premiums in winter 2011 were the same as in winter 2010 (£148.91). The cost of standalone buildings insurance rose 5.1% in contrast to contents insurance, which registered a sizable drop of 4.2%.
• The Shetland Isles notched up the biggest home insurance premium rises (12.2%) while residents of London WC benefited from a drop of 10.0%. Harrow has the highest average premiums (£237.02) and Norwich the lowest (£121.10).
• 53.9% of buildings insurance claims were down to storm damage in winter 2011 compared with just 15.8% in autumn 2011. 61.8% of contents insurance claims resulted from manmade accidental damage.
• The average value of specified items on home insurance policies rose to £2,963 in winter 2011 from £2,934 in autumn 2011. Laptops, bicycles and jewellery remain the most commonly listed items while coin collections feature as the most valuable at £5,435.

Read the full report here:
Previous Reports
	Autumn 2011	Summer 2011	Spring 2011