The AA has reported that premiums for both contents and buildings cover have risen, the latter to an all-time high.
The figures, which are based on a survey of multiple insurers, found the average buildings cover is now £152, a 14% rise across the past year. That's been blamed on an increase in claims caused by unusually high levels of severe weather such as storms and flash floods. The most common cause of a home insurance claim is now damage caused when water bursts out of frozen or otherwise damaged pipes.
Contents policies have risen by 2.2% to an average of £77.21. Getting contents and buildings cover still offers a discount, with the average cost £205.55, but that still represents an inflation-busting increase of 5.7%.
The same survey noted a £2 drop in the average comprehensive motor policy, though that appears to be a statistical blip: across the year, prices are up a whopping 16%. It appears that many insurers are making an overall profit on car insurance for the first time in a couple of years, so while prices will remain high, there may be room for competition.