How much does an insurance quote for your home insurance company cost?
The average price for homeowners insurance quotes in the UK has risen by 3.3% since January 2016, according to figures from the Insurance Information Institute.
That’s a slight increase on the 4.6% rise for the first half of the year.
It also comes as the UK government has cut its mortgage interest rate to 0.5% from 0.75% in April 2018.
The latest data from Lloyds Banking Group shows the average price per month for mortgage insurance in the US fell by 2.1% to $6,723 in December.
The average price of auto insurance, however, fell by 1.3%, to $10,569, according a new report from Kelley Blue Book.
That marked the third consecutive year the average monthly price fell.
A survey of consumers by the insurance brokerage NerdWallet found that in January, average car insurance quotes increased by 3% to about $2,100 per month.
The average monthly cost for home insurance rose by 5.4% to roughly $4,500.
The average mortgage price dropped 1.9% to around $200,000, while the average home insurance rate fell 2.2% to 3.4%.
The survey of 1,000 consumers also found that car insurance companies were spending more on marketing in 2017 than in 2016, while rates for home and condo insurance dropped in 2017.
Insurers have also been spending less on advertising to woo customers, the survey found.
Insurers also are paying more to advertise than they were in 2016.
They spent about 2.6 times as much advertising in 2017 as they did in 2016 to drive home their message, the report found.
On average, insurers spent more than 5% of their advertising budget on advertising, while it was about 3.5 times as often for condo and home insurance.