Britons 'worth most' at 46

The age when Britons are worth the most is 46, research from an insurer has revealed.

A report from More Than Insurance has concluded 46-year-olds are worth the most when it comes to the total value of personal possessions kept in the home - £40,919 to be exact.

According to the survey, under 40 it is the 28-year-olds who have the second-highest value of possessions with £33,166.

However, the report has also found 56 per cent of Brits have no idea as to the total value of their possessions, while half believe their current level of home insurance will cover them for the rest of their lives.

The insurer said many may be underestimating the true worth of their home, as the average 40 year old thinks the total value of their personal possessions is £28,917 – it is actually £40,125, over £11,000 more, according to More Than.

More Than product director Dowshan Humzah said: "It's interesting that the magic Lifesworth age falls within the fifth decade - it adds weight to the old adage that 'life begins at 40'.

"What's concerning however is how little thought people seem to be giving to the total value of their possessions.

"The report shows that on average, people spend £13,000 every five years on things they keep in their home so home contents policies need to be checked and updated regularly as a result."

More Than have helpfully supplied a calculator to help householders work out the true value of their possessions, so they can get the right level of insurance.