Homeowners affected by flooding or subsidence paid significantly more for their home insurance, research from Go.Compare Home Insurance has revealed.
Data found that between 2016 and 2024, flood and subsidence-related claims rose by 58% across the UK.
In the same period, general home insurance claims only increased by around 20% – meaning that claims linked to these environmental risks are growing at nearly three times that rate.
As a result, affected residents were paying much more for their cover.
Statistics from the insurance comparison site showed that properties with a history of flooding paid, on average, £227 more for home insurance each year.
Houses affected by subsidence were hit even harder, and faced a typical premium increase of £318.
Residents living in homes with a history of flooding paid an average of £454 for their home insurance, compared to £227 for an unaffected property.
Living in a house previously affected by subsidence also resulted in average insurance premiums of £545 per year, compared to £227 for an unaffected property.
Nathan Blackler, home insurance expert at Go.Compare, said: “Flooding and subsidence are no longer just an occasional headache for a few unlucky homeowners, but are fast becoming widespread concerns for residents. Erratic and severe weather changes are playing a part in the growing risk of these events.
“Shifts between prolonged warm and dry spells and storms can lead to flash floods and changing ground conditions. These extremes are becoming more frequent, like we’ve seen with the recent record hot weather.
“With an uptick in claims being made for affected properties, rising premiums are also becoming a more pressing issue for homeowners.
“As these environmental issues become more common, it’s key for homeowners to stay ahead of the game. Knowing how these risks impact premiums and taking action to protect property can make a real difference.”
