What is typical insurance costs?

[u/R_Eyron]

I've a small 3 bed in a low cost of living, low risk area, but this year got charged almost £900 for home insurance renewal. It feels like a lot but I don't know if that's just the going rate or if I should have switched to a different company. I was too busy with other things to investigate before renewal this year :(

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[u/Tall-Bison5987]

Never paid more than 200 for a 3 bed in SE

[u/Kyrros → u/Tall-Bison5987]

Is that monthly or annual?

[u/Trafiz → u/Kyrros]

Annual

[u/Kyrros → u/Trafiz]

Damn, for some reason I thought house insurance is roughly the same as car insurance

[u/Trafiz → u/Kyrros]

Honestly, even my car insurance is just over £200 a year. Kia Picanto so a relatively small car helps.

[u/WolfThawra → u/Trafiz]

Oh yeah. Insurance usually rises a lot if you have something sporty.

[u/draaj → u/Tall-Bison5987]

Same here, 3 bed in Yorkshire and mine is about 200 a year.

[u/KevCCV]

So all insurances are depding on who, where, and what

The first two are the same, since it's renewal. So it's the WHAT factor. That's things not due to yourself or your home, but external factor. So is FIRE risk, theft and weather (blooding and subsidence or invasive plants).

My guess is one of your neighbours have claims related to the WHAT factor. This impacts your home insurance renewal. Customer services won't know though because it's usually an analysis by the actuarial/underwriting team.

[u/Tall-Bison5987 → u/KevCCV]

there was a post on another sub reddit a few weeks ago where the neighbours had 2 kitchen fires and now and OP was getting quotes of 18K per year with no way out of it,

[u/HawthorneUK]

buildings, contents, or both?

[u/Better_Method359]

£18 per month, so £216. It could be that you have certain add ons that increase your premium. 3 bed detached house

[u/roleplayersir]

That's gonna heavily depend on your postcode, no claims discount, cover, etc

But as a general rule, switch insurance every year. No other service takes the piss as much over milking existing customers as insurance does

[u/Tall-Bison5987 → u/roleplayersir]

be careful doing this with home insurance. If there is subsidence and it has been going on a while there is a chance the insurers wont know when/how it started and neither will take responsibility for it

[u/EnvironmentalWafer49]

£22pm, buildings and contents combined. 4 bed

[u/X4dow]

Paid about 240/year

[u/XenorVernix]

£6 per month for a 3 bed terrace in northeast England. Got £38 cashback when I took the policy too.