Adults that select the cheapest insurance in the UK 2015, by family financial status

This statistic illustrates the share of adults that agree that they tend to opt for the cheapest insurance rather than comparing policy features in the United Kingdom (UK) as of 2015, by family financial status. Out of people who were retired and on a budget, a total of 28.7 percent of respondents stated that they agree that they tend to select the cheapest insurance instead of comparing policy features.

Share of adults that agree that they tend to opt for the cheapest insurance rather than comparing policies in the United Kingdom (UK) as of 2015, by family financial status

Definitely agreeTend to agree
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Source

Release date

January 2015

Region

United Kingdom

Survey time period

2015

Number of respondents

4,060 respondents

Supplementary notes

Both adults that tend to agree and those that definitely agree are counted under 'share of adults that select the cheapest insurance'.

According to the source: "Consumer Spotlight examines how people in the UK deal with money and financial services, with a unique focus on the capabilities and potential vulnerabilities of different groups."

Data reflects share per each family/social financial group.

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Statistics on "Insurance industry in the United Kingdom"

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