Average Pet Insurance Cost Uk

There has been a huge increase over the last six year.

Average pet insurance cost uk. How much you pay for pet insurance varies widely. Most dogs will cost owners at least 21 000 over their lifetime with cats a cheaper option at around 12 000. Overall pet owners claimed a total of 775m for their ill or injured animals in 2017 a jump of 10 over the year. For instance the average cost of accident only pet insurance insurance is just 6 to 10 per month but accident only cover won t cover the majority of vet bills which are for treating illnesses not accidental injury.

Average pet insurance costs. In 2013 the average claim was 300. The average annual cost of the lowest coverage pet insurance for dogs and cats in the uk shows that insurance for dogs is 149 more each year than it is for cats. The average pet insurance premium for compare the market customers in may 2020 was 158 a year.

Pet insurance that covers both accidents illnesses starts from around. Where you live what kind of pet you own their age breed and the level of cover you need all have an impact on the cost of pet insurance because each and every pet is unique there s no one size fits all price to insure your pet so it s important to find out which policy is right for you and your new best friend. A one year policy on its own is going to be a lot cheaper during the early years of your dog or cat s life but it will start to get more expensive when they get to six or seven years old. Found the average cost of a lifetime pet insurance policy is a fur raising 472 a year for a dog and 285 for a cat.

The monthly premium can range from as low as 10 to higher than 100 though most pet owners can expect to pay between 30 and 50 per month for a plan with decent coverage. The breed of cat or dog you own can make a significant difference to how much it costs to insure it. Regular costs can vary depending on the size of your pet and level of pet insurance cover you buy. According to the abi the average pet insurance premium in the uk is 279 but you can pay a lot more or less than this depending on the type of cover you buy the age and breed of your pet etc.

It is worth noting that although this is the average for the industry the average for bought by many or other insurers may differ. Average cost of dog insurance in 2020. Unsurprisingly the most common type of medical crisis depends on the type of animal you own. The average claim for veterinary treatment was 757 in 2017 a 4 increase from 728 the year before direct line reports.

We averaged the five cheapest lifetime policy quotes for eight dog and seven cat breeds on a comparison site using a cambridge postcode. How much does pet insurance cost. 50 of people could achieve a quote of 157 20 per year for their pet insurance based on compare the market cat and dog insurance premium data for all cover types in may 2020. This is a marked increase on 2014 when the cost was just 456.

What is the average cost of pet insurance.