Home insurance facts, trends and stats - 2025
Find the latest home insurance statistics and trends in 2025, including the average cost of insuring your home and how different factors impact the price you're quoted.
Key stats
A home insurance policy costs £266.73[1] on average - jump to data
It's cheaper to bundle buildings and contents insurance together rather than taking out separate policies - jump to data
Data shows it's worth being vigilant when it comes to spotting and resolving leaks early, with "Escape of Water" accounting for 29.31%[2] of claims - jump to data
Renewing your home insurance 25[3] days before your renewal date could save you £4.54[3] - jump to data
You could save up to £5.16[3] by changing your voluntary excess payment - jump to data
It can cost thousands of pounds to replace common items around your home due to floods, fires and theft, but a contents insurance policy only costs £79.55[4] on average - jump to data
Find out if you're in a burglary hotspot and if this could affect your home insurance
Home insurance pricing statistics
Price by policy type
Policy type | Average price |
|---|---|
Building and Contents | £266.73[1] |
Buildings | £215.59[5] |
Contents | £79.55[4] |
Although you can purchase separate buildings insurance and contents insurance policies, it's cheaper to buy them together if you need both.
Price by property type
Property type | Average price |
|---|---|
Detached house | £321.61[1] |
End of terrace house | £235.58[1] |
Semi-detached house | £245.89[1] |
Terraced house | £239.65[1] |
Terraced town house | £262.92[1] |
End of terrace town house | £229.16[1] |
Flat/apartment - converted (self-contained) | £306.70[1] |
Flat/apartment - purpose built (self-contained) | £255.15[1] |
Maisonette - converted | £332.02[1] |
Maisonette - purpose built | £295.55[1] |
Detached bungalow | £283.59[1] |
Semi-detached bungalow | £202.58[1] |
Converted properties, such as flats and maisonettes, are typically more expensive to insure. However, house insurance prices, with the exception of detached houses (which are typically more expensive to insure), are similarly priced on average.
Price by number of bedrooms
Number of bedrooms grouped | Average price |
|---|---|
1-3 bedrooms | £265.57[6] |
4 or more bedrooms | £413.35[6] |
Individual number of bedrooms | Average price |
|---|---|
1 | £240.79[6] |
2 | £236.39[6] |
3 | £275.87[6] |
4 | £372.50[6] |
5 | £533.79[6] |
6 | £726.19[6] |
7 | £797.21[6] |
The more bedrooms you have, the more your home insurance is likely to cost. So, if you're planning on converting a spare room into a dedicated bedroom, it could increase the cost of your home insurance.
Floods and how they impact annual premiums
If your house has been flooded in the past, your home insurance is going to be £29.75[3] more expensive on average.
On average, home insurance for properties that haven't flooded in the past is going to be 8.65%[3] cheaper.
According to our data, of those who have claimed,1.95%[2] of homeowners claimed for flood damage and will have to pay more for home insurance as a result.
Most common reasons for claiming on home insurance
Claim type | % of claims |
|---|---|
Accident | 24.07%[2] |
Escape of water | 29.31%[2] |
Theft | 13.46%[2] |
Storm damage | 12.41%[2] |
Underground pipes (gas, water, electric) | 1.78%[2] |
Flood | 1.95%[2] |
Drains and underground tanks | 1.85%[2] |
Fire | 1.79%[2] |
Malicious damage/vandalism | 1.31%[2] |
Subsidence | 1.00%[2] |
Accidents are the most common cause of past claims, although the data shows it's worth being vigilant in spotting and resolving leaks as soon as possible. Escape of water accounts for 29.31%[2] of claims.
Does the policyholder's age impact the price of home insurance?
Policyholder's age | Average price |
|---|---|
Under 25 | £190.50[7] |
25-30 | £219.24[7] |
31-40 | £288.73[7] |
41-50 | £323.29[7] |
51-60 | £313.19[7] |
61-70 | £283.70[7] |
70+ | £256.87[7] |
Home insurance prices tend to rise as people get older. However, the trend could be more indicative of younger homeowners owning smaller properties and older homeowners downsizing.
When is the best time to renew your home insurance?
Number of days before the policy renewal date | Average price |
|---|---|
0 - renewing on the day your insurance ends | £317.75[3] |
1 - renewing the day before | £316.43[3] |
10 | £313.98[3] |
15 | £313.34[3] |
20 | £313.14[3] |
25 | £312.40[3] |
30 | £314.35[3] |
Don't leave it until the last minute to renew your home insurance. It pays to renew early - on average, the cheapest day to renew your home insurance is 25[3] days before your policy ends. And, on average, this would save you £5.35[3].
Voluntary excess and home insurance prices
Voluntary excess amount | Average saving vs £0 voluntary excess |
|---|---|
£50 | £7.16[8] |
£100 | £11.07[8] |
£150 | £14.63[8] |
£200 | £17.74[8] |
£250 | £20.74[8] |
£300 | £25.06[8] |
£350 | £27.68[8] |
£400 | £27.94[8] |
£450 | £30.55[8] |
£500 | £31.94[8] |
Increasing your voluntary excess can save you money on your yearly home insurance premium. The maximum saving you can make, on average, is £5.16[3], but this would mean committing to a voluntary excess of £1000[3].
Voluntary excess is the amount you would have to pay if you make a claim. So, although it's worth changing the amounts when getting a quote to see if you could save money, it's important you're able to afford the voluntary excess should you need to make a claim.
The cost of replacing common possessions
Item | Average cost to replace |
|---|---|
Paintings/works of art | £5742.59[9] |
Watches | £5538.04[9] |
Articles of gold | £5509.29[9] |
Articles made of previous stones | £4751.35[9] |
Articles made of precious metals | £4687.18[9] |
Jewellery | £4623.52[9] |
Audio equipment | £4634.15[9] |
Clocks | £4109.81[9] |
Clothing and personal effects | £3982.12[9] |
Musical instruments (non-professional use) | £3841.92[9] |
Hearing aids | £3249.88[9] |
Sporting equipment | £3140.94[9] |
Cameras | £2747.72[9] |
Electrical goods | £2540.34[9] |
TVs | £2026.28[9] |
Bicycles | £1724.18[9] |
Laptops, tablets, notebooks | £1216.97[9] |
The cost of replacing items in the result of a flood, fire, theft or water damage can amount to thousands of pounds. The average contents insurance policy costs £79.55[4] a year, with the lowest-paying customers paying up to £44[10] or less.