Independent financial advice website Fool.co.uk has suggested that while food and energy costs may be on the increase, savings in the insurance market can still be made.
The resource notes that both home and
car insurance markets have stalled in recent months, while travel cover is cheaper than ever.
Following last year's floods, many expected home premiums to rise considerably, but this increase has failed to materialise, the publication notes.
"In the first quarter of 2008, average buildings insurance premiums actually fell by 0.2 per cent and they're still only 4.5 per cent higher than when the [British Insurance Premium Index] started in 1994," it continues.
However, possible rises are predicted in the coming year, with consumers advised that now could be an opportune time to renew or take out additional cover.
It is also a great time to take advantage of cheap travel cover, which financial research firm Defaqto claims has never been cheaper.
The group's study examined average policy prices and found that the only area for which travel cover had increased was the US.
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