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The Guardian - UK
The Guardian - UK
Business
Zoe Wood

A sorry Saga as our home insurance rockets to an astronomical £4,730

Saga Insurance
Saga says there has been a significant rise in the cost of insuring older homes in flood-risk areas
Saga says there has been a significant rise in the cost of insuring older homes in flood-risk areas Photograph: Graham Turner/The Guardian

Last year our home insurance policy with Saga cost £440. This year’s quote was for an astronomical £4,730.

Its representative was astonished by the increase, stating that in “over 25 years in the business I have never seen an increase like that”. However, despite him going back to the underwriter, it remained.

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