Best and Worst Locations for Home Insurance Revealed

Best and Worst Locations for Home Insurance Revealed










(PRWEB) November 11, 2005

New research from http://www.confused.com, the UK’s leading home insurance quote engine, has revealed that Wokingham is the UK’s most expensive area for buildings insurance, with average premiums topping £292, some £194 more than insurance for a similar property in Caithness. Similarly, Greater London is the UK’s worst area for home contents insurance at an average price of £233, over £164 more than for a similar property in Shetland.

While many parts of Scotland benefit from home insurance premiums at three times less the cost of cover than for properties in Southern England, the average cost of buildings insurance across the UK stands at £151.27, while home contents insurance comes in at an average price of £98.94.

Confused.com’s findings show huge differences in average premiums across the whole of the country. They also reveal that the UK average prices are typically £98.77 and £44.57 more expensive for home and contents insurance respectively, than Confused.com’s average cheapest price results, proving that shopping around can bring back major savings for people with homes looking for home insurance.

Commenting on the home insurance index Kate Armstrong, Managing Director of Confused.com said: “Insurance companies use postcodes because they can match homes with the history of past claims enabling them to give an instant quote. Because of this every area will have a different average premium, and from year to year your insurance premiums may change. The trick is not to find the average price but the cheapest price, and this is where Confused.com can help. While the average price of building insurance in Wokingham may be £292, the cheapest rate we found was £209, while the most expensive was £357, proving that shopping around is always the wisest move.

“If you are looking for home and contents insurance you can buy these separately or combined. Occasionally you can get a better deal by buying insurance policies individually from different providers although, increasingly, combined insurance represents a better deal; only 4% of the 140 areas researched would have made a saving by buying contents and buildings insurance separately.”

Confused.com is the UK’s fastest comprehensive home insurance comparison site, instantly searching and comparing home insurance prices from almost 70% of insurers, bringing back a full list of prices in under five minutes. Since its launch in August 2005, the average annual amount that drivers save using Confused.com to find cheap insurance quotes is £120, equivalent to a one third saving on typical premiums.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









Home Insurance Set for Revolution

Home Insurance Set for Revolution










(PRWEB) November 12, 2005

http://www.confused.com launched the UK’s first real-time, full-quote home insurance comparison service this past August. The service, which is free to use, becomes the most comprehensive way to accurately compare home contents and general buildings insurance on a like for like basis in the UK. The site brings back results from almost 70% of the home insurance market in under five minutes, and aims to increase its coverage to 90% by the end of the year.

The new service, thought to be a revelation for home owners and renters looking to cut the cost of home insurance cover, dramatically speeds up the process of finding cheap home insurance, which can take hours, if not days, to find the best rate through traditional search methods. By introducing the new service, Confused.com hopes to transform the way in which people search for home insurance, and in the process help millions of people to make major savings on their annual home insurance premiums.

Confused.com anticipates that people using its home insurance comparison service will be able to make an average combined saving on their home contents and buildings insurance of more than £120 per year, equivalent to a one third saving on typical premiums.

The launch of Confused.com’s home insurance service comes in direct response to massive customer demand and support from insurers, and follows the huge success of its car insurance comparison engine, which has more than 1.5 million customers and typically saves drivers £150 a year.

http://www.Confused.com’s Managing Director, Kate Armstrong, announced the new service saying: “Confused.com’s aim is to provide a simple and compelling solution for people looking to reduce the cost of their annual home contents and buildings insurance. The service fills a gap that homeowners and renters have long wanted a solution to; a system that can find the best and most appropriate deals instantaneously – removing the tedium of searching for home insurance. With the introduction of this new service, we hope to encourage millions to search, switch and save.                                                    

Confused.com’s home insurance comparison site works by asking users to fill in just one form, which can be applied to all insurers. This removes the need for laborious form filling on site after site and generates an accurate like for like price comparison, which hitherto has not been possible.”

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









Related Home Insurance Comparison Press Releases

Brite Insurance Announces Home Insurance Comparison Tool

Brite Insurance Announces Home Insurance Comparison Tool










London, UK (PRWEB) January 24, 2010

Brite Insurance, the UK’s leading home insurance brokers, (http://www.briteinsurance.co.uk/) is pleased to announce the launch of a new home insurance price comparison tool for consumers.

Unlike other price comparison tools, however, only insurance providers with the best reputation in the industry for processing, supporting, and paying out on claims, are listed.

The result is a price comparison tool for home insurance that offers only the best insurance policies, rather than simply trying to get the cheapest quote from the whole of market.

According to Brite Insurance spokesman, Bob Taylor, “In the current recession it would be tempting to think that paying the lowest premium results in paying less for the same service. This absolutely is not true. Instead, saving just a few pounds to get the cheapest insurance quote can end up costing thousands of pounds if the insurance company will refuse to respect a claim made on a policy.

“With Brite Insurance we do not want any of our customers to suffer from that, so we only offer price comparison for the most outstanding insurance companies. The quotes will not be dear, but will not be likely to be the very cheapest on the market – but they are likely to be reliable and offer the best value for peace of mind.”

Brite Insurance is part of the Brite financial group, which is currently being developed to cover a comprehensive range of financial services, not least in loans, mortgages and insurance (http://www.brite.co.uk/). The launch of the home insurance comparison is intended as a start to a wider rollout across other finance products under the Brite brand name.

This is to augment the existing range of financial products, not least mortgages, loans, and insurance, already offered under the A1 brand (http://www.britecorp.com/brands/a1/).

Brite is continuing to develop additional online brands to offer specialist entry into financial services, covering general finance, insurance, investments, property, and loads. This also includes a specialist regional niche “highland” brand for the Scottish Highlands, as part of its aim to provide extensive online coverage for the market (http://www.britecorp.com/finance/).

Contact

Brian Turner

Brite Media

0845 4306430

pr(at)britemedia(dot)co(dot)uk

http://www.britemedia.co.uk/

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







More Home Insurance Comparison Press Releases