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What the most expensive pet is to insure as claims hit record £1.2bn
- In 2024, pet owners in the UK submitted claims totaling £1.23 billion to insurance companies to help pay for veterinary care for their sick and injured animals, marking the highest amount recorded to date.
- The rise followed a three per cent increase in pet insurance take-up since 2023, with a record 4.6 million owners now insured, 33% higher than pre-pandemic levels.
- Dogs dominated claims, totaling £933 million, while cats accounted for £232 million, and the average claim cost was £685, though some treatments far exceeded this amount.
- The most expensive claims related to elbow dysplasia treatment in large breed dogs, costing over £50,000, prompting ABI adviser Jonathan Purvis to stress the importance of financial protection.
- The sustained increase in claims and insurance uptake underscores the growing cost of pet healthcare and the value owners place on insurance for peace of mind.
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ABI Data on Pet Insurance Claims: Payouts Top £1bn
Latest from the ABI for you; Pet insurance pay-outs by ABI members topped £1 billion for the third consecutive year in 2024, helping households cover the cost of veterinary treatment for unwell and injured animals. [...] The post ABI Data on Pet Insurance Claims: Payouts Top £1bn appeared first on .
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Total News Sources13
Leaning Left1Leaning Right0Center11Last UpdatedBias Distribution92% Center
Bias Distribution
- 92% of the sources are Center
92% Center
C 92%
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