Go.Compare Pet Insurance has released a comprehensive report shedding light on the varying costs of pet insurance across different regions of the UK.

The findings, based on data collected from all Go.Compare pet insurance quotes between November 1st, 2023, and January 31st, 2024, highlight significant disparities in premium prices both nationally and regionally.

National Overview: UK’s Island Communities Pay the Highest Premiums

According to the report, the UK’s island communities, such as Jersey, face the highest average pet insurance premiums, with the Isles recording an average annual premium of £399. In comparison, the average annual premiums for pet insurance across the countries of the UK are as follows:

  • Isles: £399
  • England: £372
  • Northern Ireland: £345
  • Scotland: £327
  • Wales: £325

Regional Breakdown: London Tops the List for Pet Insurance Costs

Delving into regional variations within England, the report reveals London as the region with the highest average annual premium for insurance, standing at £419. The East of England closely follows with an average annual premium of £405. The regional breakdown of average annual premiums across England is as follows:

  • London: £419
  • East of England: £405
  • South East: £398
  • South West: £363
  • West Midlands: £352
  • North West: £348
  • East Midlands: £346
  • Yorkshire and the Humber: £341
  • North East: £339

Rhys Jones, Go.Compare’s pet spokesperson, emphasises the importance of pet insurance in alleviating stress for pet owners, particularly in the face of unexpected medical expenses. With the average cost of a veterinary consultation in November 2023 standing at £53.82, an insurance policy offers peace of mind by covering expenses for accidental injuries or illnesses.

Factors Affecting Pet Insurance Costs

The report underscores that premium costs are not solely determined by geographical location but are also influenced by various risk factors evaluated by insurers. These factors include vet costs, age, pre-existing illnesses, and breed. Particularly for pedigree cats and dogs, insurance costs can escalate due to the increased likelihood of hereditary conditions. The top five dog breeds with the highest average annual premiums are:

  1. Cane Corso: £873.62
  2. Dogue De Bordeaux: £817.64
  3. Newfoundland: £762.30
  4. Bernese Mountain Dog: £724.29
  5. Chow Chow: £712.38

The Go.Compare reseach underscores the significance of understanding the factors influencing premium costs and highlights the importance of comprehensive coverage to safeguard pets against unforeseen medical expenses.