Our community members are treated to special offers, promotions and adverts from us and our partners. You can check out at any time. More info British homeowners living in period homes, typically defined as properties built before the First World War, are paying 123% more in annual insurance premiums than they would for a contemporary home built after the year 2000, according to new research from Compare the Market. On average, home insurance for a period home costs £547 per year, £245 more than the average premium for a home built after 2000, which cost £302. The most expensive category of period homes to insure is Tudor homes, built between 1485 and 1603, which cost £770 on average. These are followed by homes built during the Stuart period, 1603 to 1714, costing £700 on average. The average cost of insurance for Georgian-era homes, built in the period from 1714 to 1830, is £551, while homes built in the period from 1831 to 1836 cost £522. Insurance for homes built before 1485 comes to £487, £397 for Edwardian homes, built between 1901 and 1910, and £395 for Victorian homes, built in the period from 1837 to 1901. Contemporary homes, built from 2000 onwards, cost on average £302 to insure per year. The disparity is due to several factors, the experts said, including contemporary homes being subject to more up-to-date safety standards, while older homes may have potentially been constructed with electrical and plumbing systems that could now be outdated. Older homes are also usually more expensive to repair than newer properties, with original building materials being more difficult to find and repairs needed to be carried out by specialist tradespeople who can be difficult to come by. (Image: Pexels) Helen Phipps, home insurance expert at Compare the Market, said: “While period homes often possess great character and charm, our research underlines the importance for homeowners to be aware of the additional costs that can often accompany owning an older property. "People living in a period home, or those considering purchasing one, should be aware of the potentially higher insurance premiums that typically come with owning an older property. “It’s important for all homeowners to compare insurance policies of different providers online to help find the right deal at the right price.”