British renters have the cheapest annual contents insurance premiums in the Scottish towns of Kirkcaldy and Galashiels, according to new findings from MoneySuperMarket.
Research from the UK’s leading price comparison website, which analysed tenants’ insurance enquiries from the first six months of 2019, found that renters in Kirkcaldy and Galashiels pay an average of £53 and £54 respectively, compared to a UK average of £63.
By contrast, insuring contents within West London will cost renters £101 for the year – more than anywhere else in the UK and 91% higher than the cheapest locations. In fact, London dominates the list of costliest places for renters insuring their belongings, with the top 11 spots all being postcodes from within the capital.
Elsewhere in the country, Slough (£74), Manchester (£71) and Dartford (£68) have the highest premiums outside the capital.
Helen Chambers, head of home insurance at MoneySuperMarket, commented: “It’s up to the tenant to insure contents kept in the property and it’s a form of protection that can be invaluable when it comes to replacing essential items in your home. Generally, you would not need to worry about buildings insurance, as this is the responsibility of the landlord, although it’s worth checking this is included in your contract to be sure.
“Contents insurance is a much cheaper option than getting individual policies for items in your home, such as laptops, jewellery and bicycles. Plus, if you also opt for out-of-home cover, then your belongings will be protected when out and about, as well as on holiday. Be sure to shop around for the best deal with the correct level of cover before taking out your insurance.”