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What is the average home contents value?

18/10/2024

The average value of home contents in the UK is £43,040 – yet 38% of households do not take out accidental damage cover for their contents.

The average value of home contents varies depending on which region of the UK you are living in. The south east of England has the highest average home contents value, at £46,023, while the average home contents in Northern Ireland stands at only £37,521. That’s an 18% difference in the home contents values across the UK. 

These averages could inform your decision to take out accidental damage cover, which will give an additional layer of protection for your belongings. This cover usually comes as an additional extra on home contents or buildings home insurance, and protects against one off accidents. It can be particularly useful to landlords with tenants, or homes with children. 

However, these averages are not a substitute for calculating an accurate value of your own home contents when taking out home insurance. To ensure you are not over-insuring your home, and costing yourself money on home insurance premiums, you will need to take time to calculate this value properly.

Get more UK home insurance cost statistics

Home contents averages in your area

UK RegionAverage home insurance premiumAverage value of contentsProportion with accidental damage cover
South East England£145£46,02361%
South West England£133£45,68263%
East of England£141£45,14964%
Scotland£139£44,09168%
West Midlands£133£44,04465%
Yorkshire and the Humber£137£43,73963%
North West England£132£43,64961%
East Midlands£136£43,60763%
Wales£133£43,59665%
North East England£126£42,35366%
London£176£40,31549%
Northern Ireland£175£37,52156%
Average£142£43,31462%
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Quotezone.co.uk’s home insurance contents statistics are based on a sample of over 20,000 standard home insurance policies.
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