Study indicates most owners do not take out pet insurance
Posted: 17 January 2019 at 9:18 am
Research by one of the country’s leading price comparison websites suggests more than half of UK pet owners have not taken out an insurance policy for their animal, despite 4 out of 10 admitting they couldn’t afford to pay vet bills from their savings.
The Populus survey of 1,000 UK pet owners was conducted in November 2018, commissioned by comparethemarket.com, and represents all the pet insurance companies listed on its website. Data showed some 62% of cat owners questioned had no insurance cover, compared to 47% for dogs. This equates to around four million uninsured dogs and six million uninsured cats living in the UK. The pet survey found, of those owners who did take out insurance, the majority did so solely to reduce the cost of vet fees (64%). Of those who do have insurance, the average premium per month is £19 – around £230 a year – although this varies by region, according to the survey.