Advertisement

Recession 'has made pet insurance market stronger'

Recession 'has made pet insurance market stronger'
Date of Publication: Wednesday, 28 September 2011 00:00

Pet insurance has become more popular recently as people are wary of excessive vets bills.

Britain's pet insurance market has gradually become stronger throughout the recession as people recognise the dangers of not having cover for their furry friends, an expert believes.

According to Chris Newnham, marketing manager at Animal Friends Insurance, householders are now being much more careful with their money due to the effects of the downturn, meaning they see a pet plan policy as a worthwhile investment.

Mr Newnham explained that annual insurance is regarded as a "fall-back feature" of many animal owners' lives, as it gives them peace of mind in terms of knowing they will have financial support should their pet be involved in an accident.

In addition, the professional said this sector has also benefited from the fact providers are targeting their advertising at price comparison websites.

This comes after research by Sainsbury's highlighted how important a policy can be, as a study found the average lifetime cost of owning a dog is now £16,900.

By Emma North ADNFCR-2079-ID-800741872-ADNFCR
Wednesday, 28 September 2011 00:00
Bookmark and Share

Make a comment on this article

Comment
Please enter the following letters in the box below.
We're very sorry for this but we just need to ensure
that you are not a computer.

Top 5 Car Insurance Providers

Insurer
No Claims Discount
Online Discount
Apply
View Full Table >
24 hour accident recovery
up to 65%
N/A
Up to £1000 in-car equipment cover
up to 70%
up to 25%
Repairs guaranteed for 5 years
up to 76%
0%
Specialist Drivers Insurance for people aged 17 - 24
up to 70%
N/A
Guaranteed courtesy car as standard
up to 70%
N/A

Top 5 Home Insurance Providers

Insurer
Apply
View Full Table >
Home insurance from £83 a year.
N/A
N/A
Unlimited buildings sum insured for eligible properties
up to 35%
N/A
20% discount when you apply online
up to 0%
25%
New for old replacement on your contents
up to 30%
20%
Policy Expert compares top insurance brands to find the best quote for you.
up to 46%
N/A