"With an uptick in claims being made for affected properties, rising premiums are also becoming a more pressing issue for homeowners"
- Nathan Blackler - Go Compare
Homeowners affected by flooding or subsidence are facing steep insurance costs, as new data reveals a sharp rise in related claims.
Between 2016 and 2024, flood and subsidence claims rose by 58% across the UK. In comparison, overall home insurance claims increased by around 20% during the same period, showing that environmental risk claims are climbing nearly three times as fast.
The data, published by Go.Compare Home Insurance shows the financial impact this is having on residents. Properties with a history of flooding now pay an average of £454 annually for home insurance, compared to £227 for unaffected homes. Homes with subsidence history are paying even more, averaging £545 per year. This marks a typical increase of £227 for flood-prone homes and £318 for those with subsidence issues.
Go.Compare also noted an 80% rise in home insurance policies bought for properties with a flood or subsidence claim history over the past nine years.
These increases are due to insurers adjusting premiums based on higher risk. The industry is responding to more frequent extreme weather events and unstable ground conditions, both of which lead to a higher likelihood of repeat claims.
“Flooding and subsidence are no longer just an occasional headache for a few unlucky homeowners but are fast becoming widespread concerns for residents," explained Go.Compare home insurance expert Nathan Blackler. "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."
He added, “With an uptick in claims being made for affected properties, rising premiums are also becoming a more pressing issue for homeowners. If you've seen your premiums rise because of flooding or subsidence, there are steps you can take that might help."
“Shop around for different insurance providers - some specialise in higher-risk properties, so comparing could help you find a policy that balances good cover with a more affordable price.
Blackler concluded, “As these environmental issues become more common, it’s key for homeowners to stay ahead of the game. Knowing how these risks impact your premiums and taking action to protect your property can make a real difference, both in managing costs and making sure you’re properly covered.”
