Home insurance premiums on the up in St Albans and Harpenden
- Credit: Getty Images/iStockphoto
St Albans and Harpenden residents are paying some of the highest home insurance premiums in the UK - and rates are rising.
This put St Albans, Harpenden, Hatfield, Welwyn Garden City and Welwyn - which share the AL postcode - in tenth place in a UK-wide countdown of pricey premiums. Guernsey’s GY postcode topped the list with an average price of £250.15.
The research, which is based on millions of customer quotes, shows that the average combined home insurance cost UK-wide now stands at £146.72, the highest since 2013 where prices peaked at £154.43.
The AL area also recorded a 15 per cent increase in combined contents and buildings insurance when compared with the same period in 2013, when the average cost was £163.98.
Guernsey saw the biggest increase (28 per cent), while St Albans tied with Bromley in fourth place.
You may also want to watch:
Kate Devine, head of home insurance at MoneySuperMarket, said the COVID-19 lockdown, which ran from 23 March until restrictions started to ease in June, may have played a part.
She said: “With many people remaining constantly at home – schooling, working and even exercising – the rate of accidental damage becomes significantly higher, and more claims spell higher costs for insurers.
- 1 City centre pub opens new roof garden
- 2 Staff member assaulted at St Albans City FC match
- 3 Driver disqualified after St Albans crash
- 4 Urgent care upgrade at St Albans City Hospital moves ahead
- 5 From the terraces to the pitch - Huw Dawson ecstatic to reach FA Cup first round with St Albans City
- 6 Property Spotlight: A detached home on one of St Albans' most desirable streets
- 7 Boy, 14, mugged in Harpenden park
- 8 St Albans City reach FA Cup first round after shoot-out win over Corinthian Casuals
- 9 Charity clothes swap raises thousands for mental health charity
- 10 Harpenden card cloning suspects arrested
“In the coming months, it’s likely the home insurance costs will fluctuate. For example, the government’s stamp duty break is encouraging a spike in home moves, which could potentially cause a subsequent impact on home insurance costs.”