Home insurance prices surge a record 41.6% in a year

The average quoted price of home insurance rose by 41.6% in the 12 months to April, surging again to another new record rate for an annual rise.

This is up slightly from the 40.6% increase in the year to January, which at the time was the highest rate since Consumer Intelligence began tracking prices in 2014.

The latest index found there was a 10.3% hike in just the past three months, the biggest quarterly increase for 10 years. Previous quarters had rises of 7.6% and 8.5% respectively.

Premiums in the period were mostly quoted between £150 and £199, with 24% of quotes falling within that range, the data showed, down from 29% the previous

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