Average household spending on insurance in the United Kingdom reached its peak in 2019 at 20 British pounds per week and fell to 18 British pounds in 2022. Vehicle insurance accounted for more than half of this expenditure, followed by household insurance - including structure, contents, and insurance for household appliances.
Average weekly household expenditure on insurance in the United Kingdom (UK) from 2016 to 2022, by type
(in GBP)
Characteristic
Vehicle insurance
Household insurance
Medical insurance
Non-package holiday & other travel insurance
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Office for National Statistics (UK). (July 18, 2023). Average weekly household expenditure on insurance in the United Kingdom (UK) from 2016 to 2022, by type (in GBP) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/502292/insurance-weekly-household-expenditure-united-kingdom-uk/
Office for National Statistics (UK). "Average weekly household expenditure on insurance in the United Kingdom (UK) from 2016 to 2022, by type (in GBP)." Chart. July 18, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/502292/insurance-weekly-household-expenditure-united-kingdom-uk/
Office for National Statistics (UK). (2023). Average weekly household expenditure on insurance in the United Kingdom (UK) from 2016 to 2022, by type (in GBP). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/502292/insurance-weekly-household-expenditure-united-kingdom-uk/
Office for National Statistics (UK). "Average Weekly Household Expenditure on Insurance in The United Kingdom (Uk) from 2016 to 2022, by Type (in Gbp)." Statista, Statista Inc., 18 Jul 2023, https://www.statista.com/statistics/502292/insurance-weekly-household-expenditure-united-kingdom-uk/
Office for National Statistics (UK), Average weekly household expenditure on insurance in the United Kingdom (UK) from 2016 to 2022, by type (in GBP) Statista, https://www.statista.com/statistics/502292/insurance-weekly-household-expenditure-united-kingdom-uk/ (last visited July 22, 2024)
Average weekly household expenditure on insurance in the United Kingdom (UK) from 2016 to 2022, by type (in GBP) [Graph], Office for National Statistics (UK), July 18, 2023. [Online]. Available: https://www.statista.com/statistics/502292/insurance-weekly-household-expenditure-united-kingdom-uk/