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Credit card charges: Insurance hikes hit Surrey and Scotland

People who live in Surrey and Scotland who are currently experiencing credit card charges may be concerned to hear that their insurance prices may also have increased.

A study by price comparison website Moneysupermarket.com has revealed that people living in Dorking, Edinburgh and Glasgow have experienced the biggest rises in the cost of their home insurance premiums.

Julie Owens, head of home insurance at the website, said: "The cost of insuring homes in the UK is steadily on the increase. Unfortunately for consumers, things look set to get worse with the increase in prices unlikely to slow down in the coming years.

"Unfortunately, postcodes can dramatically affect how much people pay for their home insurance premium."

Dorking had the biggest rise in home insurance premiums, with the average cost increasing by 46 per cent between 2010 and 2011.

Moneysupermarket.com suggests people change their locks if they have just moved homes and that five-lever mortise locks are recommended for external doors.

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.
 ADNFCR-2776-ID-800511480-ADNFCR



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