So, how does your fair city fare?
Manchester’s M21 Barlow Moor and Chorlton-cum-Hardy postcode tops this year’s list of areas with the most home insurance claims for burglary, pulling in 45.2 theft claims in every 1,000 home insurance quote enquiries over the past year.
And this represents a pretty big leap on last year’s figure when the LS13 postcode in Leeds topped the table with 34.8 claims in every 1,000 enquiries.
Next up, with 41.8 claims in every 1,000 enquiries, is London’s Herne Hill and Tulse Hill in SE24, closely followed by Muswell Hill (what is it with London’s hills?!) in London N10, with 40.9 claims in every 1,000 enquiries.
London also takes fourth and fifth place, with RM8 (Dagenham, Beacontree and Beacontree Heath) and N2 (East Finchley, Fortis Green and Hampstead Garden Suburb) clocking up respective totals of 35.9 claims and 34.5 claims in every 1,000 enquiries.
Following a brief interlude from Liverpool’s L18 (Allerton and Mossley Hill) and L22 (Waterloo) districts with 33.3 and 32.6 claims apiece, it’s back down to London for the rest of the top 10 as N18 (Upper Edmonton and Edmonton), UB6 (Greenford and Preivale) and SE27 (West Norwood, Gipsy Hill) registered respective claims of 32.3, 30.9 and 30.5 in every 1,000 enquiries.
Here’s how the full top 20 breaks down
Safe house hotspots
At the other end of the scale, nine districts registered no burglary insurance claims at all over the last 12 months, which represents a reduction on last year’s figure when there were 16 claim-free zones. The full top 20 safe spots is as follows…
How will this affect your home insurance?
Home insurance, like car insurance, is based largely upon risk, which means if you live in an area more susceptible to break-ins, you’ll pay a higher premium.
Typical contents premiums across the UK are around £95, and towards £150 if you take out contents and buildings combined from the same insurer. On average, householders living in higher risk postcodes will pay 24% more for their cover compared to the national average – this equates to an extra £36 for their policy.
Kevin Pratt, home insurance expert at MoneySuperMarket, said: “Places affected by higher rates of burglary insurance claims tends to mean higher annual insurance premiums for those who live there, typically premiums are 24% more expensive on average. Higher value properties could expect to pay even more than this.
“If you have not previously been burgled, but there are higher rates of burglary claims made within your postal district, you are likely to be paying steeper premiums as a result. Insurers often take a blanket approach to assessing postcode districts for home insurance premiums rather than looking at insurance applications on a case by case basis.
“The key thing is not to simply accept your insurance renewal – even if you live in a postcode which has a higher claim rate for burglaries, you can still save a huge amount by doing your research and switching to a better deal online.”
So if your home insurance is up for renewal, take a few minutes out to compare quotes on our home insurance channel and once you’ve found a quote you’re happy with, consider paying it in one lump sum rather than in monthly instalments as this will also help to reduce the cost.
Paying a higher voluntary excess on top of the policy’s compulsory excess – the amount you pay up front in the event of a claim – can also bring the price of your premium down, but make sure it’s set to a level that you could realistically afford if you ever had to make a claim.
And there are a number of other ways to help reduce the cost of cover.
How to cut the cost of home insurance
Good home security is key to cutting the cost of your home insurance, and insurers will look favourably on simple measures, such as installing an insurer-approved burglar alarm, fitting five-lever mortise locks on all external doors, and all windows should be secured with two bolt locks.
You could also consider more hi-tech home security, such as keyless entry, security cameras and wifi light bulbs, all of which are explained in more detail in Mark Hooson’s article 5 ways technology can make your home burglar-proof.
And for more ways to keep burglars at bay, check out my article Beat the burglars as the clocks go back.
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