Average regional cost of home insurance GB 2020

As of July 2020, London and East of England were the regions in Great Britain where the average cost of the five cheapest home insurance premiums in Great Britain. Homeowners in London had to pay nearly 200 British pounds for buildings and content insurance, whereas in West Midlands and Scotland the cost was 133 British pounds. With more people working from home, there is a decline in crime rates and claims. Nevertheless, premiums saw a minor increase in the last year.

Average cost of the five cheapest home insurance premiums in Great Britain as of July 2020, by region (in GBP)

Characteristic	Average cost of comprehensive motor insurance in GBP
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Release date

September 2020

More information

Region

United Kingdom (Great Britain)

Survey time period

August 2020

Supplementary notes

The source adds the following information: "For each risk common to consecutive months, the variation is calculated from the average of the Top 5 cheapest premiums returned across the PCWs and key directs in the previous month to the average of the Top 5 in the current month (regardless of which brands provided these quotes)."

The Overall Market Top 5 monthly variation is calculated by averaging across all these risk level Top 5 variations for common risks run in both months.

The monthly figures are concatenated up to produce the trended price index from a starting point of 100% in the base month."

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