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Daily Insurance Industry News
Monday 15th of October 2018
March 10, 2010

Vet bills gallop ahead of inflation

by Gill Montia

Story link: Vet bills gallop ahead of inflation

Over 50s specialist, Saga, has revealed that the average annual vet bill for the UK’s cat and dog owners has risen by 53% since 2007, to £598.

With costs increasing at twice the rate of inflation, the North West has emerged as the most expensive region in which face a trip to the vets.

The average annual bill in the area stand at £646; 53% more than in Northern Ireland and the Channel Islands, which are the cheapest regions at an average £421.

For North-Eastern cats owners, bills have risen by 29%, from £324 to £417; for dog owners in the region the increase is slightly less at 17%, from £561 to £656.

Saga chief executive, Andrew Goodsell, comments: “As vet bills are vastly surpassing inflation, pet insurance is therefore a vital tool to help owners budget for unforeseen costs of care for their cat or dog that may arise in the future, especially for those aged over 50 whose income is already being squeezed a both ends in the current climate.”

 

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