How much is home and contents insurance on average?

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Home Insurance Cost

The cost of your home insurance policy, aka your premium, depends on a variety of factors beyond the amount of cover you want, such as your claims history and where you live.

Premiums for home & contents insurance – like other forms of insurance – reflect the levels of risk the insurer will take on for insuring that property. In recent years there has been a slight increase in the severity and frequency of natural disasters, as well as smaller weather events like powerful storms. This has caused a higher number of claims being made, leading to a slight increase in the cost of insurance policies in most of the states and regions.

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