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Brits spend over £678m on uninsured vet bills

Brits spend over £678m on uninsured vet bills

Category: Pet Insurance

Updated: 25/08/2016
First Published: 25/08/2016

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

A pet is a part of the family, and that means we don't think twice about spending money on them when they need it. However, these costs can quickly add up, particularly when it comes to vets bills. So why not consider taking out specialist insurance?

Pricey pets

According to research from pet insurance technology expert Aquarium Software, approximately £678m a year – roughly £1.8m every day – could be being spent unnecessarily by uninsured pet owners on veterinary fees, with 57% of respondents not having any pet insurance.

Many of these costs could have been covered if the owner had had a suitable policy, and although the insurance may seem like an unnecessary expense, it could be a small price to pay when compared with the often extortionate costs of veterinary treatment.

"There's really no need for people to be faced with huge bills and to suffer emotional turmoil when deciding 'is the pet worth it?'", said Mark Colonnese, sales and marketing director for Aquarium Software.

"Many pet owners can be lulled into a false sense of security; their pets seem healthy and well, and so the cost of insurance seems avoidable. However, pets do sadly become ill or injured unexpectedly, and while there are often excellent veterinary treatments available, they can come at a significant cost."

If you don't want to have to foot the bill, pet insurance is a must. It needn't cost a fortune and could be far more cost-effective in the long run, and after all, isn't your pet worth it? Start comparing policies to get the cover you need, and then the next time Fido swallows something he shouldn't, at least you won't have to worry about the vet bills.

What next?

Compare pet insurance using our quote tool

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

 
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