Confused.com reveals Brits are losing £2.5 billion through poor insulation
Confused.com, the home insurance and quote comparison site, has revealed that homeowners in Britain are wasting an estimated £2.5 billion through poor insulation in their homes.
Of the 26.5 million homes in the UK, only 13 million have loft insulation, which is a major energy saving method for retaining heat in the home. Confused.com estimates that the lack of loft and cavity wall insulation is costing the nation £2,493,500,000 a year.
In addition to this only 10 million homes have cavity wall insulation. Figures suggest households can save £145 per year for loft insulation and £110 for cavity wall insulation on their energy bills, meaning the nation could be collectively wasting an estimated £2 billion.
Lisa Greenfield, energy analyst at Confused.com said: “All this snow means now is the perfect time for households to assess their homes and check if they need better insulation. A quick look at the roof will give them a clue, if the snow has melted then heat is needlessly escaping. It is worth getting in touch with the local council to check eligibility for grants. Any household with a resident aged 70 or over, qualifies for a 100% grant for insulation. These things only need to be done once, and can pay for themselves within a couple of years.”
Confused.com recommends homeowners review their insulation during winter months to help cut energy costs and reduce their carbon footprint in one fell swoop. More details of how to do this can be found within the home insurance guides section of the website.
Confused.com is one of the UK’s biggest and most popular price comparison services. Launched in 2002, it generates over one million quotes per month. It has expanded its range of comparison products over the last couple of years to include home insurance, travel insurance, pet insurance, van insurance, motorbike insurance, breakdown cover and energy, as well as financial services products including credit cards, loans, mortgages and life insurance.
Confused.com is not a supplier, insurance company or broker. It provides a free, objective and unbiased comparison service. By using cutting-edge technology, it has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers with their decision-making, subsequently finding them great deals on a wide-range of insurance products, financial services, utilities and more. Confused.com’s service is based on the most up-to-date information provided by UK suppliers and industry regulators.
Confused.com is owned by the Admiral Group plc. Admiral listed on the London Stock Exchange in September 2004. Confused.com is regulated by the FSA.
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