Household spending on home insurance fell in 2020, but had recovered to pre-pandemic levels by 2022. The total household expenditure spent on insurance connected with the dwelling reached approximately two billion British pounds in 2022, up from 1.5 billion British pounds in 2020.
Household expenditure on home insurance in the United Kingdom from 1997 to 2022
(in billion GBP)
Characteristic
Expenditure in billion British pounds
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Office for National Statistics (UK). (June 30, 2023). Household expenditure on home insurance in the United Kingdom from 1997 to 2022 (in billion GBP) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/533153/consumer-spending-on-home-insurance-in-the-united-kingdom-uk/
Office for National Statistics (UK). "Household expenditure on home insurance in the United Kingdom from 1997 to 2022 (in billion GBP)." Chart. June 30, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/533153/consumer-spending-on-home-insurance-in-the-united-kingdom-uk/
Office for National Statistics (UK). (2023). Household expenditure on home insurance in the United Kingdom from 1997 to 2022 (in billion GBP). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/533153/consumer-spending-on-home-insurance-in-the-united-kingdom-uk/
Office for National Statistics (UK). "Household Expenditure on Home Insurance in The United Kingdom from 1997 to 2022 (in Billion Gbp)." Statista, Statista Inc., 30 Jun 2023, https://www.statista.com/statistics/533153/consumer-spending-on-home-insurance-in-the-united-kingdom-uk/
Office for National Statistics (UK), Household expenditure on home insurance in the United Kingdom from 1997 to 2022 (in billion GBP) Statista, https://www.statista.com/statistics/533153/consumer-spending-on-home-insurance-in-the-united-kingdom-uk/ (last visited July 22, 2024)
Household expenditure on home insurance in the United Kingdom from 1997 to 2022 (in billion GBP) [Graph], Office for National Statistics (UK), June 30, 2023. [Online]. Available: https://www.statista.com/statistics/533153/consumer-spending-on-home-insurance-in-the-united-kingdom-uk/