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Home insurance costs keep falling

News article from the Scotsman.com

Home insurance costs keep falling

A RECENT downward trend in car insurance premiums has ended, but the cost of home buildings and contents cover continues to fall, according to the AA's latest benchmark British Insurance Premium Index.

Average quoted comprehensive car insurance premiums rose slightly over the past quarter, but at £757 are still no more expensive than in January 2003. Home buildings insurance premiums fell for the sixth successive quarter to £203, cheaper than 11 years ago when the AA Index started. Contents premiums have shown their fourth quarterly decline to £148.

The AA attributed the findings to tough competition and said, while the risk of a sudden hike remained, modest increases made that less likely.
 

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