The price of a postcode

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High priced insurance policies doesn’t directly relate to the value of properties in the area. In fact a lot of the times it is the complete opposite, as insurance companies take into account crime in the area including burglaries and of course, flood risks.

When purchasing a property it is always good to try and gauge how much your insurance will set you back each year.

The price of a postcode

They share the dubious honour of being three of Britain’s most expensive areas for home insurance. The residents of West Norwood, south-east London; Bacup in Lancashire, and Anfield in Liverpool, pay up to three times as much for buildings and contents cover than those living in the cheapest areas, which include Stonehaven in Aberdeenshire, Barnstaple in Devon, and Meifod in mid Wales.

The figures come from price comparison website moneysupermarket.com, which has analysed all the quotes given by insurers to its customers.