Norwich Union 10 per cent price hike - moneysupermarket.com comments

Richard Mason, director of insurance at price comparison website moneysupermarket.com said:

"It is the turn of the homeowner to bear the brunt of Norwich Union's price hikes".

"Last year, it increased car insurance premiums by an average of 16 per cent - a staggering 40 per cent in some cases - and now homeowners will find their premiums rising by 10 per cent".

""Homeowners who haven't made a claim in the past 12 months should expect a fall in their Norwich Union premiums - instead they will face a price hike.

In the current climate, this increase may be a sign of things to come from other insurers".

""This is a wake up call for homeowners who should ensure they shop around when they renew their policy".

"Otherwise, they could be in for a nasty surprise.".

Back to top