NFU Mutual offers the lowest prices for home contents insurance, Direct Excellence research carried out in February 2003 shows.

The insurer has risen 20 places.

It also heads up the lowest excess table making it an attractive price proposition to consumers. Other big movers in this period were Egg which climbed 24 places to ninth and Barclays which entered the top ten in fourth position.

As predicted, the home contents market is hotting up with competition getting stiffer every month. Since the last quarter of 2002, the spread between first and tenth in the price table has reduced by 16 percentage points.

The table shows three of the 115 metrics measured to gain accurate comparisons. Direct Excellence claims it is on track to save clients £100m by the end of 2003.

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