The statistic illustrates the average weekly household expenditure on insurance in the United Kingdom (UK) as of year end 2020. It can be seen that respondents with a household reference person aged 50 to 64 spent an average of 21.6 British pounds per week on insurance services at that time. These insurance services include household insurance, medical, vehicle, moving, bank and other insurance services.
Average weekly household expenditure on insurance in the United Kingdom (UK) in 2020, by age of household reference person
(in GBP)
The household reference person is defined in the source as the householder who Owns the household accommodation, or Is legally responsible for the rent of the accommodation, or Has the household accommodation as an emolument or perquisite, or Has the household accommodation by virtue of some relationship to the owner who is not a member of the household. If there are joint householders the household reference person is the one with the higher income. If the income is the same, then the eldest householder is taken.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Office for National Statistics (UK). (March 31, 2021). Average weekly household expenditure on insurance in the United Kingdom (UK) in 2020, by age of household reference person (in GBP) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/580649/insurance-weekly-expenditure-in-united-kingdom-uk-by-age/
Office for National Statistics (UK). "Average weekly household expenditure on insurance in the United Kingdom (UK) in 2020, by age of household reference person (in GBP)." Chart. March 31, 2021. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/580649/insurance-weekly-expenditure-in-united-kingdom-uk-by-age/
Office for National Statistics (UK). (2021). Average weekly household expenditure on insurance in the United Kingdom (UK) in 2020, by age of household reference person (in GBP). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/580649/insurance-weekly-expenditure-in-united-kingdom-uk-by-age/
Office for National Statistics (UK). "Average Weekly Household Expenditure on Insurance in The United Kingdom (Uk) in 2020, by Age of Household Reference Person (in Gbp)." Statista, Statista Inc., 31 Mar 2021, https://www.statista.com/statistics/580649/insurance-weekly-expenditure-in-united-kingdom-uk-by-age/
Office for National Statistics (UK), Average weekly household expenditure on insurance in the United Kingdom (UK) in 2020, by age of household reference person (in GBP) Statista, https://www.statista.com/statistics/580649/insurance-weekly-expenditure-in-united-kingdom-uk-by-age/ (last visited December 23, 2024)
Average weekly household expenditure on insurance in the United Kingdom (UK) in 2020, by age of household reference person (in GBP) [Graph], Office for National Statistics (UK), March 31, 2021. [Online]. Available: https://www.statista.com/statistics/580649/insurance-weekly-expenditure-in-united-kingdom-uk-by-age/
