Nobody likes paying more for the same thing. So we want to help you understand just what makes up the cost of insuring your car, home and contents. And why the cost of this cover changes.
Our strong underwriting and pricing disciplines mean you pay a fair price for your insurance cover. But because we constantly review our pricing, your premium could change every year based on a number of reasons.
At the moment there are two main factors impacting the price you pay – an increase in the number of claims we’re receiving and an increase in the average cost per claim.
Here’s some information to explain the different costs that make up your total premium.
Understand the factors that determine the price you pay.
Find out why house insurance premiums are changing.
Here’s an explanation of why contents premiums are changing.
It’s important that you have the right level of cover to suit you, especially if you need to make a claim. Over time, the things you own and your circumstances can change, so it’s a good idea to review your cover from time to time.
If you’d like to discuss your cover, give us a call on 0800 100 200. We’ll help you find the best solution for you.
For more information see our FAQ page on premium changes.