Many of us are paying more than we need to for our energy and insurance premiums

Data from research by MoneySuperMarket says that many in Newcastle Central are paying more than we need to for our energy and insurance premiums.

The research suggests that Newcastle Central [Benwell and Scotswood, Blakelaw, Elswick, Fenham, Kenton, Westgate, West Gosforth, and Wingrove] residents could make substantial savings in the region of £286 by switching energy supplier.  Our car insurance payments are higher than average, though our home insurance payments are lower, but home burglary rates are higher than average and our car crime rate is lower!

Car Insurance

The average car insurance premium in Newcastle Central is £747. This places the constituency 571st in the country (out of 650 constituencies). 1 = lowest premium.

The cheapest average premium is £266, whilst the most expensive premiums are found in the constituency of East Ham, in London at £1,176.

Since last year, the average car insurance premium in Newcastle Central has seen a 15% increase in costs.

Home Insurance

The average home insurance premium in is £94. This places us at 30th in the country (1 = lowest premiums).

Number 1 with the cheapest average premiums is Glasgow Central at £84, whilst the most expensive premiums are found in Brent North at £173.

Since last year, average home insurance premiums in your constituency have seen a 14% fall in costs.

Energy

The average incumbent energy tariff in Newcastle is £994 placing it 115th in the country (650th = most expensive).

The cheapest average it tariff is £800, whilst the most expensive is £1329.50.

The research suggests that Newcastle Central constituents could save up to £286 if they were to switch provider.

Newcastle has the 498th best energy supplier switching rate of all the constituencies in the country with 6.04 switching applications per 1000 households. By way of comparison, the constituency with the lowest level of switching is Kensington with 2.29 switches per 1000 households. The constituency with the most switches is Alyn and Deeside with 12 switches per 1000 households.

Crime rates

The home burglary claim rate in Newcastle puts the constituency at 319th in the country. The car crime claim rate in Newcastle puts the constituency at 154th in the country (650th = highest rate).

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