Are you insured?
According to the latest ABI data, there are thought to be 16.9 million cats and dogs living in the UK, but with only 3.9 million of them covered by insurance are we taking a risk when it comes to protecting our pets?
Well, in 2015 there was over £657 million paid out in pet insurance claims. Given that 1 in 4 dog owners are thought to have insurance, it’s unsurprising that the majority of claims against pet insurance was to pay for care for our pooches. In the last year alone, 686,000 dog insurance claims were made, costing the insurance industry a whopping £501 million.
In contrast, in 2015 alone, there were just 193,000 claims made for cats at a total cost of £105 million to the insurance industry. That means the average claim against cat insurance last year came in at £544. But in the last 6 months, cat insurance quotes accounted for just 20.6% of all pet quotes conducted on our site, despite the fact that cats represent 46.7% of all our furry friends. (You can read more about this here.)
Vet bills are never cheap but it would seem that many of us are leaving it to chance when it comes to our pets. Yet with claims on the rise, and with new legislation coming into effect, it seems as important as ever to think about insurance and make sure you’re covered if anything were to happen to your four-legged friend. You can cover your cat from as little as £4.09 and your dog with just £6.89 so compare pet insurance today and make sure that you and your companioned have all the protection you need.