The statistic illustrates the average weekly household expenditure on household insurance in the United Kingdom (UK) from FY 2016 to FY 2020. It can be seen that respondents with a household reference person aged 50 to 64 and 65 to 74 spent an average of 5.7 British pounds per week on household insurance, whereas households with a reference person aged less than 30 spent far less (on average 2.4 British pounds) during the financial year ending 2020. Household insurance services include structural, contents and appliances insurance.
Average weekly household expenditure on household insurance in the United Kingdom (UK) from FY 2016 to FY 2020, by age of household reference person
(in GBP)
* Values apply to the financial year, which runs from April 1 to March 31.
Household insurance includes structural, contents and appliances.
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.
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Office for National Statistics (UK). (March 16, 2021). Average weekly household expenditure on household insurance in the United Kingdom (UK) from FY 2016 to FY 2020, by age of household reference person (in GBP) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/580660/household-insurance-weekly-expenditure-in-united-kingdom-uk-by-age/
Office for National Statistics (UK). "Average weekly household expenditure on household insurance in the United Kingdom (UK) from FY 2016 to FY 2020, by age of household reference person (in GBP)." Chart. March 16, 2021. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/580660/household-insurance-weekly-expenditure-in-united-kingdom-uk-by-age/
Office for National Statistics (UK). (2021). Average weekly household expenditure on household insurance in the United Kingdom (UK) from FY 2016 to FY 2020, by age of household reference person (in GBP). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/580660/household-insurance-weekly-expenditure-in-united-kingdom-uk-by-age/
Office for National Statistics (UK). "Average Weekly Household Expenditure on Household Insurance in The United Kingdom (Uk) from Fy 2016 to Fy 2020, by Age of Household Reference Person (in Gbp)." Statista, Statista Inc., 16 Mar 2021, https://www.statista.com/statistics/580660/household-insurance-weekly-expenditure-in-united-kingdom-uk-by-age/
Office for National Statistics (UK), Average weekly household expenditure on household insurance in the United Kingdom (UK) from FY 2016 to FY 2020, by age of household reference person (in GBP) Statista, https://www.statista.com/statistics/580660/household-insurance-weekly-expenditure-in-united-kingdom-uk-by-age/ (last visited December 22, 2024)
Average weekly household expenditure on household insurance in the United Kingdom (UK) from FY 2016 to FY 2020, by age of household reference person (in GBP) [Graph], Office for National Statistics (UK), March 16, 2021. [Online]. Available: https://www.statista.com/statistics/580660/household-insurance-weekly-expenditure-in-united-kingdom-uk-by-age/
