This statistic illustrates select home insurance (including building and content) companies with the lowest average insurance claim pay-out in the United Kingdom (UK) in 2018 and 2019. Overall, 25 companies selling home insurance in the United Kingdom were studied to see their claims acceptance rates as of 2019, in comparison to 2018. The data presented in this statistic is the average claim payout based on low and high end estimates.
As of 2019, Cornish Mutual Assurance Company Limited underwriting Limited had the lowest average claims pay-out at approximately 1.2 thousand British pounds per pay-out.
Home insurance companies with the lowest average claims pay-out in the United Kingdom (UK) in 2018 and 2019
(in GBP)
A total of 25 UK based insurance companies offering home (building and contents) insurance were looked at for claims frequency, acceptance rate and average claim pay-out. data was aggregated. * Year ending August 31st, 2018 and August 31st, 2019. ** Includes building and contents insurance. Companies with the lowest average claims pay-outs as of August 2019 with previous years comparison.
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Statista estimates. (September 8, 2020). Home insurance companies with the lowest average claims pay-out in the United Kingdom (UK) in 2018 and 2019 (in GBP) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/971320/home-insurance-companies-with-the-lowest-average-claims-pay-out-in-the-united-kingdom/
Statista estimates. "Home insurance companies with the lowest average claims pay-out in the United Kingdom (UK) in 2018 and 2019 (in GBP)." Chart. September 8, 2020. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/971320/home-insurance-companies-with-the-lowest-average-claims-pay-out-in-the-united-kingdom/
Statista estimates. (2020). Home insurance companies with the lowest average claims pay-out in the United Kingdom (UK) in 2018 and 2019 (in GBP). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/971320/home-insurance-companies-with-the-lowest-average-claims-pay-out-in-the-united-kingdom/
Statista estimates. "Home Insurance Companies with The Lowest Average Claims Pay-out in The United Kingdom (Uk) in 2018 and 2019 (in Gbp)." Statista, Statista Inc., 8 Sep 2020, https://www.statista.com/statistics/971320/home-insurance-companies-with-the-lowest-average-claims-pay-out-in-the-united-kingdom/
Statista estimates, Home insurance companies with the lowest average claims pay-out in the United Kingdom (UK) in 2018 and 2019 (in GBP) Statista, https://www.statista.com/statistics/971320/home-insurance-companies-with-the-lowest-average-claims-pay-out-in-the-united-kingdom/ (last visited November 23, 2024)
Home insurance companies with the lowest average claims pay-out in the United Kingdom (UK) in 2018 and 2019 (in GBP) [Graph], Statista estimates, September 8, 2020. [Online]. Available: https://www.statista.com/statistics/971320/home-insurance-companies-with-the-lowest-average-claims-pay-out-in-the-united-kingdom/
