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Students 'take £4,000 in possessions to uni'

By Marianne Straker, Thu 5 Aug 2010 - Published in Home Insurance

The average student will take just under £4,000 worth of possessions with them to university, which may show the need for home insurance.

Research carried out by Endsleigh found that 93 per cent of young people will take a mobile phone with them when they leave home for university, while 73 per cent will pack an mp3 player.

In addition, 62 per cent own a digital camera, 49 per cent will take their hair straighteners and 27 per cent will move their games console with them.

The study also revealed that one-third of these possessions will be carried around on campus by the student, with the typical young person having more than £1,300 worth of goods on them on a daily basis.

Endsleigh spokesperson Vicki O'Connell commented: "As lifestyles become more mobile the 'must have' items become more portable. Our research shows just how easily the value of your possessions accumulates."

This week, Moneyfacts.co.uk recommended that students shop around for the best bank account before heading to university.