According to a survey among approximately two thousand insurance customers in the United Kingdom (UK), less than one third of insurance customers surveyed in 2019 claimed that they understand how their insurance premium was calculated.
Distribution of insurance customers in the United Kingdom (UK), by confidence in understanding premium calculation
Characteristic
Share of respondents
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* Respondents were asked how much they agree or disagree with the following statement: "I feel confident that I understand how my insurance provider calculates my premiums (what I pay for my insurance)".
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BritainThinks. (February 25, 2020). Distribution of insurance customers in the United Kingdom (UK), by confidence in understanding premium calculation [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1112815/level-of-clarity-in-understanding-insurance-premium-formula-united-kingdom-uk/
BritainThinks. "Distribution of insurance customers in the United Kingdom (UK), by confidence in understanding premium calculation." Chart. February 25, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1112815/level-of-clarity-in-understanding-insurance-premium-formula-united-kingdom-uk/
BritainThinks. (2020). Distribution of insurance customers in the United Kingdom (UK), by confidence in understanding premium calculation. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1112815/level-of-clarity-in-understanding-insurance-premium-formula-united-kingdom-uk/
BritainThinks. "Distribution of Insurance Customers in The United Kingdom (Uk), by Confidence in Understanding Premium Calculation." Statista, Statista Inc., 25 Feb 2020, https://www.statista.com/statistics/1112815/level-of-clarity-in-understanding-insurance-premium-formula-united-kingdom-uk/
BritainThinks, Distribution of insurance customers in the United Kingdom (UK), by confidence in understanding premium calculation Statista, https://www.statista.com/statistics/1112815/level-of-clarity-in-understanding-insurance-premium-formula-united-kingdom-uk/ (last visited July 22, 2024)
Distribution of insurance customers in the United Kingdom (UK), by confidence in understanding premium calculation [Graph], BritainThinks, February 25, 2020. [Online]. Available: https://www.statista.com/statistics/1112815/level-of-clarity-in-understanding-insurance-premium-formula-united-kingdom-uk/