The statistic illustrates the average weekly household expenditure on insurance products and lines in households where the reference person was at the minimum 50 years of age and older in the United Kingdom (UK) as of year end 2020. Respondents in the age group of 50 to 64 spent on average 5.7 British pounds weekly on household insurances (structural, contents and appliances) and an average of 11.9 British pounds on vehicle (including boat) insurances at that time.
Average weekly household expenditure on insurance of 50 year old and older population in the United Kingdom (UK) 2020, by insurance line
(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.
* Figures should be used with extra caution because they are based on fewer than 20 reporting households.
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 of 50 year old and older population in the United Kingdom (UK) 2020, by insurance line (in GBP) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/580652/insurance-weekly-household-expenditure-in-the-united-kingdom-uk-50-year-olds-older/
Office for National Statistics (UK). "Average weekly household expenditure on insurance of 50 year old and older population in the United Kingdom (UK) 2020, by insurance line (in GBP)." Chart. March 31, 2021. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/580652/insurance-weekly-household-expenditure-in-the-united-kingdom-uk-50-year-olds-older/
Office for National Statistics (UK). (2021). Average weekly household expenditure on insurance of 50 year old and older population in the United Kingdom (UK) 2020, by insurance line (in GBP). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/580652/insurance-weekly-household-expenditure-in-the-united-kingdom-uk-50-year-olds-older/
Office for National Statistics (UK). "Average Weekly Household Expenditure on Insurance of 50 Year Old and Older Population in The United Kingdom (Uk) 2020, by Insurance Line (in Gbp)." Statista, Statista Inc., 31 Mar 2021, https://www.statista.com/statistics/580652/insurance-weekly-household-expenditure-in-the-united-kingdom-uk-50-year-olds-older/
Office for National Statistics (UK), Average weekly household expenditure on insurance of 50 year old and older population in the United Kingdom (UK) 2020, by insurance line (in GBP) Statista, https://www.statista.com/statistics/580652/insurance-weekly-household-expenditure-in-the-united-kingdom-uk-50-year-olds-older/ (last visited July 22, 2024)
Average weekly household expenditure on insurance of 50 year old and older population in the United Kingdom (UK) 2020, by insurance line (in GBP) [Graph], Office for National Statistics (UK), March 31, 2021. [Online]. Available: https://www.statista.com/statistics/580652/insurance-weekly-household-expenditure-in-the-united-kingdom-uk-50-year-olds-older/
