Insurance: weekly household expenditure of 50 and over population in the UK 2018

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 2018. Respondents in the age group of 50 to 64 spent on average 5.3 British pounds weekly on household insurances (structural, contents and appliances) and an average of 12.4 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) 2018, by insurance line

Vehicle insurance including boat insuranceHousehold insurances - structural, contents & appliancesMedical insurance premiumsNon-package holiday, other travel insurance*
50 to 6412.45.320.1
65 to 74 7.95.33.20.5
75 and older6.34.930
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Source

Release date

January 2019

Region

United Kingdom

Survey time period

2018

Method of interview

Panel survey

Supplementary notes

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.

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Statistics on "Insurance industry in the United Kingdom"

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