General Insurance Article - ABI publishes latest Quarterly Household Premium Tracker


The Tracker, the only market indicator of what homeowners are actually paying for their home insurance, shows that, in the fourth quarter of 2016, the price paid for the average combined buildings and contents policy fell by 3% on the previous quarter to £298.

 The average price paid for buildings insurance in the quarter, at £271, fell 2% on the previous quarter, while the average contents policy, at £139, was down by 1%.

 In 2016 the average combined home insurance policy fell by 2% to £306 on the previous year. However, the average prices paid for separate buildings and contents policies rose by 5% and 3% respectively on 2015.

 Mark Shepherd, ABI’s Assistant Director, Head of Property, said: “Home insurance continues to provide vital financial protection at competitive prices to help millions of households protect their homes. While home insurance is competitively priced it is important not to buy on price alon0, but to make sure that your home insurance meets your needs.”    

Back to Index


Similar News to this Story

Effect on insurers as Solvency II review is coming to an end
The Solvency II reform is approaching its conclusion, after achieving significant milestones towards implementing a final set of amendments both in th
Put the finance into romance this Valentines Day
Aon has said that with Valentine's Day looming, romance is inevitably front of mind for the UK's couples. But - at the risk of pouring cold
Dispelling myths around Warranty and Indemnity insurance
The Warranty and Indemnity (W&I) insurance market has witnessed remarkable growth in recent years, reflecting an increased recognition of its value in

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.