The dramatic fall in burglary rates across Britain, plus fewer claims for flood and storm damage, have sent the cost of home insurance to a five-year low, with households in Norwich enjoying the lowest premiums in the country.
The cost of insuring the typical British home is now £116 a year, compared with £160 five years ago, according to analysis of 2.6m customer quotes by comparison site MoneySupermarket.com.
Even in parts of the country with the worst record for claims, prices have tumbled. Harrow in north-west London has the highest average home insurance premiums in the UK, at £182, but this compares to £214 in 2010.
Only Bolton in Lancashire has witnessed an increase in premiums over the past year, rising by £10 on average, although they are down £54 since 2010.
Many households are now overpaying for home insurance, accepting year-on-year increases put through by their insurer without realising that across the market, rates have tumbled.
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