Home insurance costs rise fastest in Surrey
April 28th, 2011People living in Surrey and Scotland have seen the biggest hikes in the cost of home insurance, according to new research from moneysupermarket.com. While many homeowners across the country have been hit with substantial increases in premiums – the typical cost for buildings and contents cover has gone up by 6% over the last 14 months – people living in Surrey and Scotland have been hardest hit by price rises.
Analysis of 3.4 million quotations, conducted by moneysupermarket.com, reveals that these unfortunate individuals have seen their home insurance premiums jump by up to 46% over the last 14 months, with those living in Dorking, Surrey suffering the largest increases.
Cover provided for households in Dorking has soared from an average of £119 to £174 since February 2010 – that’s a rise of 15p per day.
Meanwhile, homeowners living in the city centre of Edinburgh and Milngavie in Glasgow have experienced similar increases of 45% and 40% respectively. <
Tags: Home Insurance, Surrey