--- title: Fewer Claims Result In Lower Insurance Premiums For UK Home Owners description: The average home insurance policy has fallen 0.3% in the last three months – resulting from fewer claims due to people staying at home more during the coronavirus crisis. image: https://www.consumerintelligence.com/hubfs/home%20index%20feb%2019.png --- # Fewer Claims Result In Lower Insurance Premiums For UK Home Owners 03/09/20 14:11 Posted by [ Catherine Carey ](https://www.consumerintelligence.com/articles/author/catherine-carey) ![home index feb 19](https://www.consumerintelligence.com/hs-fs/hubfs/home%20index%20feb%2019.png?width=641&name=home%20index%20feb%2019.png) - The average home insurance policy has fallen 0.3% in the last three months – resulting from fewer claims due to people staying at home more during the coronavirus crisis - Nevertheless, overall premiums are up 3% when taken over a 12-month period   A steep drop in recorded crime since the start of the coronavirus lockdown has contributed to a downward shift in home insurance premiums. In the last three months, the average buildings and contents policy has fallen 0.3%. *“It’s perhaps no coincidence that this period takes us through the recent lockdown where the vast majority of people were spending much more time at home,”* says John Blevins, product manager at Consumer Intelligence, the insurance research experts. *“Crime rates and home claims have both declined in recent months, which is the most likely reason for this small deflation in premiums.” * However, average premiums are up 3% when looked at over a 12-month period. A typical buildings and contents policy now stands at £150. Overall, premiums have increased just 1.9% in the six-and-a-half years since Consumer Intelligence first started collecting data in February 2014. Despite premiums edging up to their highest recorded point in June – before falling back again in July – prices have remained broadly stable for the last three years. Homeowners in London (£195) and the South East (£160) continue to pay the most for their insurance policies. They are the only two regions across the UK to attract premiums that are higher than the national average (£150). The East Midlands (£136) and the South West (£136) are now the cheapest areas for home insurance. This recent reduction to home insurance premiums has not been felt by both our age groups. Premiums for the under-50s have remained flat in the last three months. It’s only the over-50s who have benefited, with their annual policies now 0.9% cheaper than three months ago. Interwar properties, those built between 1925-1940, saw premiums rise 4.4% in the last 12 months, the most of any segment. This was closely followed by houses erected this millennium (4%).   ### Average premiums and price rises around Great Britain |  REGION | CHANGE IN YEAR TO JANUARY | AVERAGE PREMIUM (FIVE CHEAPEST) | | --- | --- | --- | | London | 6.8% | £205 | | South East | 6.1% | £157 | | Eastern | 5.5% | £149 | | Scotland | 5.0% | £143 | | South West | 4.9% | £137 | | West Midlands | 3.3% | £141 | | East Midlands | 2.9% | £140 | | North West | 2.8% | £152 | | Yorkshire and The Humber | 2.0% | £144 | | North East | 1.6% | £133 | | Wales | 1.3% | £140 | | **GREAT BRITAIN ** | **2.9%** | **£151** |   |  REGION | CHANGE IN YEAR TO JANUARY | AVERAGE PREMIUM (FIVE CHEAPEST) | | --- | --- | --- | | London | 7.4% | £195 | | South East | 3.8% | £147 | | Eastern | 3.7% | £160 | | Scotland | 3.1% | £136 | | South West | 3.0% | £143 | | West Midlands | 2.4% | £143 | | East Midlands | 2.2% | £136 | | North West | 1.6% | £148 | | Yorkshire and The Humber | 1.6% | £147 | | North East | 1.0% | £141 | | Wales | 0.6% | £145 | | GREAT BRITAIN  | 3.0% | £150 |     --- ## **Insight that will enable you to optimise your pricing strategy ** Download our [Home Insurance Price Index](https://www.consumerintelligence.com/home-insurance-price-index) to gain insight into market movements, benchmark the major van insurance brands and help you understand the data behind the results.   [![Home Insurance Price Index](https://hubspot-no-cache-eu1-prod.s3.amazonaws.com/cta/default/2037313/4003e409-f548-4ce0-bd09-7f4e4f0856bd.png)](https://hubspot-cta-redirect-eu1-prod.s3.amazonaws.com/cta/redirect/2037313/4003e409-f548-4ce0-bd09-7f4e4f0856bd) ---     **Comment on blog post . . . ** [home insurance](https://www.consumerintelligence.com/articles/topic/home-insurance), [insurance price index](https://www.consumerintelligence.com/articles/topic/insurance-price-index) ##### Like it? 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