Rising costs force many to abandon pet insurance
25 August 2010 08:45:26
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| Pet insurance premiums are on the rise. |
The cost of taking out pet insurance has soared by 28% in the space of two years and some owners are finding that their annual premium has been hiked when they come to renew.
While a quick pet insurance comparison in 2007 was likely to uncover premiums in the region of £162, the Association of British Insurers (ABI) said that the average premium in 2009 stood at £208.
Kate Carr, a spokeswoman for the ABI, told the Daily Mail: "Most pet lovers want to ensure their animals get the best veterinary care possible.
"But advances in veterinary care come at a cost and this is reflected in the rising cost of premiums."
However, a veterinary surgeon at charity PDSA emphasised the importance of pet insurance.
Sean Wensley pointed out: "The average cost of treating a pet involved in a road traffic accident is approximately £850, though this could be significantly more depending on the injuries sustained."
A recent study by Esure Pet Insurance found that whippets are the costliest dogs over the course of their lifetime, with the average whippet owner spending more than £4,630 on food, vet bills, kennel visits, grooming, treats and pet insurance offers each year.
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Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.