March 10 2014 Latest news:
Friday, January 25, 2013
The UK’s burglary hotspots were revealed today, and include North Finchley and Romford in London.
A list of the top places across the UK where people were most likely to have made a claim for theft or burglary from their home or garden showed North Finchley in third place, behind the LS13 postcode in Leeds, which was first, and the BD12 postcode area in Bradford.
Eccles in Manchester was fourth, followed by Harold Wood, Harold Hill and Noak Hill in Romford in fifth.
Other London areas in the top 10 were Balham at six, Hayes at eight and East Dulwich at nine.
The data released by MoneySupermarket also found that on average homeowners living in higher risk postcodes will pay a fifth more for their home insurance.
Hannah Jones, home insurance expert at MoneySupermarket, said: “While there are clearly some areas of the country with a higher proportion of insurance claims for burglary than others, this doesn’t actually mean the area is “rife” with crime.
“Thieves often specifically target areas with wealthy residents, or quieter areas where there’s not a lot of passing foot traffic, where the rewards are potentially greater and the risk of being caught in the act may be lower.
“Areas affected by higher rates of burglary insurance claims will see their premiums impacted – increasing by a fifth on average.
“Higher value properties could expect to pay even more than this. Insurers take a blanket approach to assessing postcode districts for home insurance premiums rather than looking at insurance applications on a case by case basis.
“So, although you may not have been a victim of burglary directly, you could be paying more for insurance if there are higher rates of burglary claims made within your postal area.
“The key thing is not to simply accept your insurance renewal – even if you live in a postcode which has a higher claim rate for burglaries, you can still save a packet by doing your research and switching to a better deal online.”
MoneySupermarket collected the data by analysing 3.5million home insurance quotes run on the site over 12 months as part of the MoneySupermarket Monitor on Home Insurance.
They looked at the number of users who said they had made a claim for burglary at their current address in the past two years.
The number of claims made per 1,000 inquiries was then calculated for each area, to allow postcodes to be compared.