Hi there. I'm Matt Harwood - Confused.com's Home and Lifestyle insurance expert.
How much does home insurance cost?
Thanks for asking, so let's break it down.
There are three policies to choose from:
Buildings and contents insurance averaging £153.45 a year, Buildings only at £118.65 and Contents only for £59.15.
The cost of your buildings insurance can depend on factors like the rebuild cost of your house, where you live, the age and size of your property, your claims history, and the security measures in place.
On the other hand, contents insurance costs can hinge on the total value of your contents, your location, any high-value items, your claims history, and your home's security.
And an insider tip, if you're planning any major building work, do inform your insurer. Although it might increase your premium, it's crucial to ensure proper coverage while construction is underway.
Insurers typically cover small DIY mishaps, but for any serious construction work, always remember to notify your insurer.
Matt shrinks back into the phone screen with 'ask an expert' branding next to him.
Remember, knowledge is power when it comes to insurance costs!
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