How many people in the UK have car insurance?
20.4 million had contents insurance 20.1 million had motor insurance 17.3 million had buildings insurance 3.2 million had mortgage protection 1.9m million had private medical insurance. The ꌳm underwriting profit in 2015 was the first time that the UK motor insurance market made a profit since 1994.
How big is the UK car insurance market?
The 10 largest car insurers in the UK underwrite more than 70% of the country's auto insurance policies, with combined gross written premiums amounting to ꌑ.3 billion in 2021.
How much does the average person spend on car insurance per month UK?
The average cost of car insurance in the UK is ꍆ0 a year, or around ꍀ a month.
How much is the car insurance industry worth UK?
The UK motor insurance industry is projected to grow at a compound annual growth rate (CAGR) of 2.3% from GBP18. 4 billion ($25.5 billion) in 2021 to GBP20. 6 billion ($31.3 billion) in 2026, in terms of direct written premiums (DWP), according to GlobalData.