Find out the average cost of home insurance for someone like you then use our built-in calculator to find out the cost of your premiums.
According to our data, the average cost of home insurance is £174.63 a year, but what you pay will be more or less than this depending on things like your age, location and your property type.
That average equates to a monthly cost of £14.55, but it’s more expensive to pay for your home insurance in monthly instalments because interest will be added on top of this.
You can choose to cover your buildings and contents insurance in one policy, or buy separate policies that cover just the building or just the contents.
Combined buildings and contents insurance is the most expensive of the three, but that’s because it covers more.
You’ll also pay more if you choose to add optional extras like:
So think carefully about whether you really need to add these.
Our data shows that the average cost of home insurance gets cheaper as you get older.
Again it depends on your personal circumstances, but insurers tend to see older homeowners as less of a risk because:
All this adds up to a substantial reduction in premiums - the over 75s pay £62 less a year on average than 35-49 year olds.
The cost of your home insurance is also influenced by the size and type of your house or flat.
*The average cost of combined buildings and contents insurance policies by property type purchased through Gocompare between January-March 2021.
Houses cost the most to insure on average, at £184.
It’s because of rebuild value – the total cost of completely rebuilding your house from scratch after a major incident like a fire – which might be more for houses than bungalows or flats.
Listed buildings are significantly more expensive to insure that unlisted ones.
A non-listed building is £179 on average to insure, while a property with a preservation order is £224. That rises again to £303 for a grade two listed building and £312 for a grade one listed property.
It’s because repairs to listed buildings can cost a lot more as they need specialist materials and craftspeople and that can push up the cost of claims for the insurer.
There are also fewer insurers that can offer cover for listed buildings so you’ll have less quotes to choose from. Again, that’ll push up prices.
In the same way that houses are more expensive to insure than bungalows or flats, the average cost of home insurance increases as the number of bedrooms go up.
*The average cost of combined buildings and contents insurance policies by number of bedrooms purchased through Gocompare between January-March 2021.
A one bedroom property costs £133 on average to insure, but that goes up to £213 for a four bedroom home, a 60% increase.
Your postcode is used to calculate your home insurance quote because some places are at higher risk of claims from things like crime or floods, or have more expensive property prices, than others.
*The average cost of combined buildings and contents insurance policies by region purchased through Gocompare between January-March 2021.
It means that some parts of the country are notably more expensive for home insurance.
London is the most expensive in the country at £246.58 for buildings and contents insurance. The North East is cheapest at £159.
|Region||Avg. Cost buildings and contents||Avg. cost contents insurance||Avg. cost buildings insurance|
It’s important to get some quotes to calculate your home insurance cost because every property is different.
Your own costs will depend on:
You must always answer questions honestly when you’re getting home insurance quotes, but there are a few things you can do to help cut the cost:
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Buy home insurance with us and we’ll refund your excess if you make a claim. Excludes accidental loss and damage claims^
^Up to £250 refunded after claim settled. Excludes accidental loss or damage claims. Full T&Cs apply.
* All average costs on this page are calculated from home insurance policies purchased through GoCompare between January-March 2021