Average home insurance costs in Northern Ireland
01/04/2024
What is the average cost of home insurance in NI?
The average home insurance cost in Northern Ireland is just over £410 in 2024.
The exact average cost of £414.65 has increased by £118 in the past year alone. And this is almost 123% higher than the average cost in England, which is currently only £185.88*. So why is home insurance so expensive in Northern Ireland?
What our experts say
“Inflation is most likely responsible for the recent rise in home insurance premiums across Northern Ireland. Not only has inflation led to a rise in the cost of repairs, labour and materials but there has also been a reduction in the number of insurance providers that cater to Northern Ireland as rising costs have made it challenging for some smaller insurance businesses to remain open.”
Ian Wilson, Managing Director of CompareNI.com
Average home insurance costs across regions in Northern Ireland
At CompareNI.com, we’ve done the research to give you a breakdown of the average home insurance cost for each NI region. These prices are based on the annual costs of home insurance for a three bedroom property in Northern Ireland.
Knowing the cost of home insurance in your area can help you make informed insurance decisions. With these as a guide, you can consider the possibility that you might be overpaying for your home insurance.
If you have simply renewed your existing home insurance over the past few years, now could be the time to shop around and switch. You could save up to £222** on your home insurance when you get quotes at CompareNI.com. We help you quickly compare options from up to 30 home insurance providers in minutes.
Average home insurance costs in NI regions 2023-2024
| Home Insurance – by NI Region | Q1 2023 Average Premium | Q1 2024 Average Premium | Annual Price Increase (%) |
|---|---|---|---|
| Newry, Mourne and Down | £244.62 | £526.25 | 115% |
| Derry City and Strabane | £241.44 | £456.06 | 89% |
| Belfast City Council | £220.84 | £413.85 | 87% |
| Armagh, Banbridge and Craigavon | £225.42 | £418.72 | 86% |
| Fermanagh and Omagh | £235.91 | £429.78 | 82% |
| Mid Ulster | £237.69 | £431.35 | 81% |
| Lisburn and Castlereagh | £212.17 | £376.54 | 77% |
| Antrim and Newtownabbey | £217.08 | £378.75 | 74% |
| Causeway Coast and Glens | £232.22 | £404.36 | 74% |
| Mid and East Antrim | £209.72 | £360.76 | 72% |
| Ards and North Down | £212.78 | £364.73 | 71% |
| Average home insurance cost NI | £226.35 | £414.65 | 83% |
*https://www.quotezone.co.uk/home-insurance/how-much-is-home-insurance
**51% of consumers could save £222.30 on their Home Building & Contents Insurance. The saving was calculated by comparing the cheapest price found with the average of the next five cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from August 2024. The savings you could achieve are dependent on your individual circumstances.