Average quoted home insurance prices have dropped 13.1% in the past year as providers continue to cut premiums amid increased competition, according to Consumer Intelligence.
The plan offers benefit periods of one, two or five years and is available on Iress and iPipeline.
Stephen Kennedy said: “By continually monitoring trends, we can help insurers price more fairly and help landlords navigate further flux in the market."
Data found that between 2016 and 2024, flood and subsidence-related claims rose by 58% across the UK.
The increase in storm damage claims and inflation are significant contributors to the ongoing surge in home insurance premiums.
Price increases were recorded for 17 home insurance brands on Friday.
A combination of the COVID-19 pandemic and an ongoing “pricing battle” on price comparison websites continue to cause a downward trend in home insurance premiums, according to insurance analytics expert Consumer Intelligence.