moneysupermarket.com: Norwich Union 10 per cent price hike

Richard Mason, director of insurance at price comparison website moneysupermarket.com said: “It is the turn of the homeowner to bear the brunt of Norwich Union’s price hikes. Last year, it increased car insurance premiums by an average of 16 per cent – a staggering 40 per cent in some cases – and now homeowners will find their premiums rising by 10 per cent.

“Homeowners who haven't made a claim in the past 12 months should expect a fall in their Norwich Union premiums – instead they will face a price hike. In the current climate, this increase may be a sign of things to come from other insurers.

"This is a wake up call for homeowners who should ensure they shop around when they renew their policy. Otherwise, they could be in for a nasty surprise."