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How much does home insurance cost: Video transcript

Updated: 27 Sept 2022

Home insurance costs in the UK have risen by about 6% this year, with factors like location, property size, and the value of your belongings playing a big role in premiums.

So, what affects the price?

  • Location: Living in areas prone to flooding or theft means higher premiums.

  • Home size and type: Larger homes or unique properties cost more to insure.

  • Personal belongings: The more valuable your items, the higher the contents insurance.

Rising costs are fuelled by inflation, expensive building materials, and increased weather-related claims. For example, insurers paid out £2.5 billion last year alone.

To save, ensure your home and contents valuations are accurate—this avoids overpaying or being underinsured. Don’t forget to update your policy after home upgrades or if you add high-value items like jewellery or tech.

Comparing home insurance quotes on MoneySuperMarket is an easy way to browse deals from multiple providers. All you need to do is provide a few details we’ll show you a selection of home insurance deals tailored specifically for you.