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Revealed: The cheapest and most expensive areas for home insurance

Find out where the cost of home insurance is cheapest in the UK

Revealed: The cheapest and most expensive areas for home insurance

While best-known for its medieval cathedral and top university, Durham is also the cheapest place for home insurance in the UK, according to new data from MoneySupermarket.

Living in the cheapest area could save you up to £134 a year compared to the most expensive spots – so, how does your home insurance premium compare?

Here, we take a look at the cheapest and most expensive areas for home insurance and how you can find the best home insurance policy to suit your needs.

The cheapest areas for home insurance

Cities in the North of England offered the cheapest home insurance premiums, MoneySupermarket found.

In the city of Durham, people paid an average of just £117 a year to protect their homes.

The residents in Newcastle and Sunderland, who came joint second for the cheapest home insurance premiums, paid just one pound more at £118 a year.

Meanwhile, both Stoke-on-Trent and Darlington had average policies priced at £121.

The table below shows the 10 cheapest areas for home insurance UK-wide.

Location Ave annual home insurance premium
Durham (DH) £117
Newcastle (NE) £118
Sunderland (SR) £118
Stoke-on-Trent (ST) £121
Darlington (DL) £121
Dundee (DD) £122
Norwich (NR) £123
Plymouth (PL) £123
Galashiels (TD) £123
Teesside (TS) £123

The most expensive areas for home insurance

London dominated the list of locations where residents paid the most for home insurance.

Taking top spot as the most expensive area was North West London, where households paid an average of £251 a year to cover their properties. That’s a staggering 114% more than the national average of £138.

Central and West London, which includes boroughs like the City of Westminster, Hammersmith and Fulham and the Royal Borough of Kensington and Chelsea, came in second place, with average premiums at a hefty £249 a year.

The table below shows the 10 most expensive places for home insurance.

Location Ave annual home insurance premium
North West London (NW) £251
Central and West London (W) £249
South West London (SW) £241
City of London (EC) £237
North London (N) £235
Harrow (HA) £227
Ilford and Barking (IG) £212
East London (E) £200
South East London (SE) £199
Kingston-upon-Thames (KT) £193

Compare home insurance premiums

See how your home insurance premium compares to the rest of the UK using the searchable table below.

How to find the best home insurance

It’s unlikely that you’ll up sticks and move away just to cut the cost of your insurance – though if you are shifting, it’s always worth taking into account the cost of living in your new area.

Wherever you live, though, you should make sure you’re getting the right cover at a competitive price.

Follow our top tips to find the best policy for you.

1) Use a valuation calculator

It’s common for people to overpay or underpay for home insurance because they’ve incorrectly calculated the value of their contents or the cost of rebuilding their home.

Using tools, such as a contents insurance calculator can help you get an accurate idea of home much cover you need. 

2) Shop around for a good deal

Price comparison websites are a quick and easy way to see what home insurance deals are on offer and which providers offer the right cover for your needs.

If you’re coming up to renewal, shopping around for a better deal, can also give you leverage for haggling a better deal with your current provider, should you wish to stay with them. 

3) Read the terms and conditions… carefully

While price is a key factor to think about when it comes buying home insurance, it’s really important to make sure that a home insurance policy actually covers you for what you need.

Simply checking over the terms and conditions will make sure that; you get the right level of protection, your excesses are affordable and you have included any necessary add-ons or extras for optimal protection.

Home insurance small print is notoriously opaque and has been found to baffle readers, so if you’re unsure about anything get in touch with the provider for clarification.

Remember, once you’ve agreed to the terms of a policy, making a claim for something that’s expressly excluded will be impossible.

To help you find the best home insurance policy experts have analysed the standard contents insurance and buildings insurance policies of over 30 providers and combined that with feedback from thousands of customers to produce impartial home insurance company insurance reviews.

You can also find useful tips in our home insurance guide and the short home insurance video below.

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