12 Stats about Home Insurance in the UK

This month we’re looking at some quick fire facts about home insurance:

General Costs and Cover

• There are lots of things that affect home insurance prices, but what do you think the average cost is? Latest UK data suggests it’s just over £400/year for Buildings & Contents.
• According to data from 2024, around 75% of customers shop around for their home insurance each year, but actually only 40% end up switching provider.
• By the end of 2023, for the first time ever, more people (51.8%) bought their home insurance policy online than any other method.
• While most see it as essential, some don’t have insurance. In the UK there are around a quarter of homes uninsured. That means that around 7 million households are putting themselves at risk.

Claims

• Everyone hopes that they never have to claim on insurance, but how much do you think is paid in claims per year? Reports from 2024 suggest in the UK it could be around £15 million per day on average. Is that more or less than what you expected?
• What do you think is the most frequent home insurance claim? The most common is actually escape of water claims, which account for over 30% of claims on average in the UK.
• What do you think an average claim is worth? The size of a claim can vary a lot depending on the cause. It could be anything from £100s to £100,000s. The average as of 2024 is actually £6,000 per claim.
• What is the most common reason a claim is declined? It’s trying to claim for things that needed add-on cover. The most common of these is belongings away from the home.

Burglaries

• As the weather gets better, and we open our windows, be careful of leaving yourself at risk. Studies have shown that 36% of UK burglaries are opportunistic, and so could easily be avoided by keeping your house secure.
• Without basic security you’re 10 times as likely to burgled! This could be as simple as getting stronger locks or even better a security alarm system.
• Ever think that insurance is only for fire? You might want to think again… 50% of burgled homes are uninsured.
• Burglars are more active in summer. Once the sun’s out more outdoor theft will go up 40%, but also during summer indoor theft goes up 10%.

We hope you learned something useful today from those quick stats! Check out for the rest of our blogs for more information and useful tips about insurance.