An article appeared recently on the 'This is Money' website that discussed in depth the pros and cons of having pet insurance in place and took a look at the rising costs of policies and the drivers behind this.Here is an excerpt:
'More than two million pet owners buy cover, paying on average £253 a year to insure a dog and £140 for a cat.  These figures reflect the lower cost of the second and third categories of insurance (maximum benefit and 12 month time limited policies). ‘Cover for life’ plans can cost three times as much as the condition-limited versions.
The cost of animal treatment, like that for humans, is rising faster than general inflation and is estimated to grow at 12 per cent a year.  This is roughly the increase in average premiums pet owners should expect over time, provided they use a large and reliable insurer'.

To read the article in full please click here.