Home insurance premiums dip as households urged to prepare for autumn
But homeowners in Wales and Greater London saw premiums rise
Homeowners have been given a small reprieve ahead of storm season, with the cost of home insurance falling for the first time since Q3 2024, according to the latest price index from Go.Compare.
The average combined buildings and contents premium now stands at £229 in Q2 2025, down 1.3% from the previous quarter when the average premium was £232. While prices peaked at £241 in Q2 2024, they have since shown signs of stabilising, with the latest figure representing a 5% year-on-year drop.*
And both buildings-only and contents-only policies saw slight declines this quarter. The average buildings-only premium fell to £199 (from £208), while contents-only policies edged down to £62 (from £63).
While most regions saw prices ease, Wales and Greater London bucked the trend with small quarterly rises, rising from £213 to £241 and £333 to £341 respectively. Northern Ireland remains the most expensive place in the UK for cover, at £419, while the North East of England continues to be the cheapest, at just £183.*
|
Region |
Median cost of combined buildings and contents |
|
East Midlands |
£ 211 |
|
Greater London |
£341 |
|
North East |
£183 |
|
North West |
£195 |
|
Northern Ireland |
£419 |
|
Scotland |
£224 |
|
South East |
£253 |
|
South West |
£213 |
|
Wales |
£214 |
|
West Midlands |
£192 |
Property size also plays a key role, with a one-bedroom home costing around £170 to insure, compared to £281 for a four-bedroom property.*
Despite the overall dip in the cost of home insurance premiums, insurers warn that costs may rise again as autumn weather sets in. The Association of British Insurers (ABI) reported that insurers paid out £1.6 billion in property claims in Q2 2025, of which £322 million was weather-related - highlighting the risks of storms, flooding and freeze events as the UK heads into the colder months. So the experts are warning that weather-related claims remain high and could push prices up again in future, especially in higher-risk areas
Nathan Blackler, expert at Go.Compare home insurance, said: “It’s encouraging to see premiums come down slightly after months of increases. But with autumn storms around the corner, now is the time for households to prepare. The cost of claims has increased in the last quarter by 7% for insurers, so while prices have softened this quarter, they are likely to rise again - particularly for homes in higher-risk areas. Shopping around, maintaining your property and bundling cover are three of the most effective ways to keep costs down.”
Go.Compare’s top tips for cheaper home insurance this autumn:
- Compare before you renew – don’t be one of the 25% of Brits who auto-renew without checking other options.** You could be missing out on savings.
- Bundle your cover – combined buildings and contents insurance is usually cheaper than two separate policies.
- Pay annually – monthly instalments often include added interest and data shows paying monthly for a combined policy could mean you £50 more.***
- Get storm-ready – clear gutters, trim back trees and check your roof tiles before the bad weather hits.
- Upgrade security – smoke alarms, burglar alarms and strong locks can reduce your premium.
For more advice on saving on your home insurance visit:
https://www.gocompare.com/home-insurance/guide/top-tips-for-cheaper-home-insurance/
To explore the latest data on the cost of home insurance visit: https://www.gocompare.com/home-insurance/how-much-does-home-insurance-cost/
Contact Information
Rubie Barker
Notes to editors
*All average median costs are calculated from home insurance policies purchased through Go.Compare from 1 April 2025 to 30 June 2025. Year-on-year comparisons are based on Q2 2024 versus Q2 2025.
**The research was conducted by Censuswide, among a sample of 2,000 UK Nationally Representative Consumers. The data was collected between 09.07.2025 - 11.07.2025. Censuswide abides by and employs members of the Market Research Society and follows the MRS code of conduct and ESOMAR principles. Censuswide is also a member of the British Polling Council.
***Based on the median premium of home insurance sales made through Go.Compare between 1st June 2024 and 31st May 2025.
About Go.Compare
Go.Compare is a comparison website that enables people to compare the costs and features of a wide variety of insurance policies, financial products and energy tariffs.
It does not charge people to use its services and does not accept advertising or sponsored listings, so all product comparisons are unbiased. Go.Compare makes its money through fees paid by the providers of products that appear on its various comparison services when a customer buys through the site.
When it launched in 2006, it was the first comparison site to focus on displaying policy details rather than just listing prices, with the aim of helping people to make better-informed decisions when buying their insurance. It is this approach to comparing products that secured the company an invitation to join the British Insurance Brokers’ Association (BIBA) in 2008, and it is still the only comparison site to be a member of this organisation.
Go.Compare has remained dedicated to helping people choose the most appropriate products rather than just the cheapest and works with Defaqto, the independent financial researcher, to integrate additional policy information into a number of its insurance comparison services. This allows people to compare up to an extra 30 features of cover.
Go.Compare is part of Future Plc and is authorised and regulated by the Financial Conduct Authority (FCA).
More information can be found here www.gocompare.com or here https://www.futureplc.com/brands/
For further information please contact:
Lynsey Walden – lynsey.walden@gocompare.com
Kath Chadwick – kathryn.chadwick@gocompare.com
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