Insurance weekly household expenditure of 50 year olds UK| ��ƽ��

Average weekly household expenditure on insurance of 50 year old and older population in the United Kingdom (UK) 2020, by insurance line (in GBP)

Characteristic	Vehicle insurance including boat insurance	Household insurances - structural, contents & appliances	Medical insurance premiums	Non-package holiday, other travel insurance*
50 to 64	11.9	5.7	3	1
65 to 74	8.8	5.7	2.8	1.5
75 and older	6.9	5.3	2.8	1.4

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Source

Release date

March 2021

More information

Region

United Kingdom

Survey time period

2020

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.

Citation formats

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.