The statistic illustrates the average weekly household expenditure on insurance products and lines in households where the reference person was younger than 30 years of age in the United Kingdom (UK) from FY 2016 to FY 2020. Respondents in that age group spent on average 2.3 British pounds weekly on household insurances (structural, contents and appliances) and an average of 11.4 British pounds on vehicle (including boat) insurances during the financial year ending 2020.
Average weekly household expenditure on insurance of younger than 30 year old's in the United Kingdom (UK) from FY 2016 to FY 2020, by insurance line
(in GBP)
age of household reference person less than 30 years
Method of interview
Panel survey
Supplementary notes
* Values apply to the financial year, which runs from April 1 to March 31.
** Figures for 2017 and 2018 should be used with extra caution because they are based on fewer than 20 reporting households.
*** No values provided by the source for 2017 and 2018. 2017 value should be used with extra caution because they are based on fewer than 20 reporting households.
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 insurance of younger than 30 year old's in the United Kingdom (UK) from FY 2016 to FY 2020, by insurance line (in GBP) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/580697/pasta-products-weekly-household-expenditure-in-the-united-kingdom-uk-30-year-olds-younger/
Office for National Statistics (UK). "Average weekly household expenditure on insurance of younger than 30 year old's in the United Kingdom (UK) from FY 2016 to FY 2020, by insurance line (in GBP)." Chart. March 16, 2021. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/580697/pasta-products-weekly-household-expenditure-in-the-united-kingdom-uk-30-year-olds-younger/
Office for National Statistics (UK). (2021). Average weekly household expenditure on insurance of younger than 30 year old's in the United Kingdom (UK) from FY 2016 to FY 2020, by insurance line (in GBP). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/580697/pasta-products-weekly-household-expenditure-in-the-united-kingdom-uk-30-year-olds-younger/
Office for National Statistics (UK). "Average Weekly Household Expenditure on Insurance of Younger than 30 Year Old's in The United Kingdom (Uk) from Fy 2016 to Fy 2020, by Insurance Line (in Gbp)." Statista, Statista Inc., 16 Mar 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/580697/pasta-products-weekly-household-expenditure-in-the-united-kingdom-uk-30-year-olds-younger/
Office for National Statistics (UK), Average weekly household expenditure on insurance of younger than 30 year old's in the United Kingdom (UK) from FY 2016 to FY 2020, by insurance line (in GBP) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/580697/pasta-products-weekly-household-expenditure-in-the-united-kingdom-uk-30-year-olds-younger/ (last visited November 10, 2024)
Average weekly household expenditure on insurance of younger than 30 year old's in the United Kingdom (UK) from FY 2016 to FY 2020, by insurance line (in GBP) [Graph], Office for National Statistics (UK), March 16, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/580697/pasta-products-weekly-household-expenditure-in-the-united-kingdom-uk-30-year-olds-younger/
