Home Insurance Premiums Affected by Property Location

The price of home cover varies significantly across the UK, suggests the report published by MoneySupermarket on October, 4.

The latest research by MoneySupermarket revealed that the disparities in home insurance across the UK are very significant.

In an attempt to locate the most expensive and the cheapest regions, experts at MoneySupermarket found out that Jersey homeowners saw the biggest reduction in house insurance premiums over the past year (-13%). Meanwhile, their neighbours living on Guernsey saw the biggest increase in the price of home cover.

Homeowners living in the capital of Great Britain were luckier, as their house insurance premiums were slashed by 7%.

Overall, the price of home cover across the UK decreased by 0.4% in the time period from Summer 2010 to Spring 2011. But, as the regional statistics suggests, the disparities are huge indeed. You can learn more about how you can keep the premiums down on the official website of MoneySupermarket.