General Insurance Article - Which breed of dog or cat costs the most to insure


New research from Admiral Pet Insurance reveals the lengths pet owners will go to look after their unwell pets; including lying to their boss to get time off work.

 Over a third (37%) of pet owners admit they have lied to their boss about taking time off to nurse a poorly pet, giving a made-up explanation instead.

 Top of the list of fake excuses given to bosses was looking after a sick family member or child (20%), meanwhile one in 10 (11%) pet owners said they told their boss that they were sick rather than their pet.

 Most common fake excuses for taking time off to look after a sick pet
 

 Men (42%) are more likely to lie about taking time off to comfort a sick pet and lie about the reason than women (32%), and younger generations are also more likely to fib about their pets, with 65% admitting to lying to their employer about it.

 Meanwhile, two fifths of pet owners (43%) have taken annual leave to look after their pet when it’s been ill, while a quarter (25%) said they would take leave if their pet fell ill.

 Farewell Fido
 While almost half (47%) of pet owners have taken time off work after a pet passed away, the majority (71%) lied about why they weren’t in work. A fifth (20%) claimed they didn’t tell the truth because they were embarrassed and almost a third (30%) said it was because their boss wouldn’t be happy or wouldn’t understand.

 Pet-ernity leave
 Nearly two thirds (60%) of pet owners or another member of their family took time off work when they first brought their pet home, with over a third (39%) taking off three or more days to settle their pet.

 For half of pet owners in the UK, welcoming a new pet into the home properly is a big priority and think employers should offer “pet-ernity leave” for employees to help their latest addition to their family settle in.

 Younger generations are the biggest advocates of employers introducing a “pet-ernity” policy (79%).

 Meanwhile, older generations are more likely to take more time off to settle their pet with over a third (34%) of over 45s taking a week off compared to just 9% of 18-44 year olds taking the same length of time.

 Peaky pups
 Previous research from Admiral has revealed that a quarter (24%) of dog owners say they weren’t prepared for the cost of owning a dog and that it was more expensive than they expected.

 Perhaps unsurprising when you consider that 43% of dog owners admit to doing no research on costs before getting their pup.

 Rank Top 10 dog breeds for cost of treatment
 

 

 Topping the list as the most problematic pooch is the cocker spaniel, with both the highest number of pet insurance claims and highest average costs for treatment, with an average lifetime claim cost of £3,112. 

 Cocker spaniels are followed by medium and small-sized crossbreeds as the most problematic pooches .

 Despite this, larger breeds like the Leonberger and Bernese Mountain dog see higher monthly premiums.

 Sian Humphreys, Head of Pet Insurance at Admiral says, “Although not true for all dogs, larger breeds generally have a shorter lifespan and if they are going to develop medical conditions, it’s likely to be sooner in their life. They also have a higher potential to do more damage, impacting third-party liability insurance in the policy.”

 Moggie Malady
 When it comes cats, moggies take the top spot for number of claims and the cost of claims, and they’re also the third most expensive cat breed to insure in the UK.

 Sian Humphreys, Head of Pet Insurance at Admiral says, “Medically, Ragdolls are prone to congenital heart problems and can have a heart murmur from birth. This will either disappear as the cat gets older, or it can develop into something more serious.They’re also an expensive breed of cat, increasing their risk of being stolen. “

 Rank Top 10 cat breeds for cost of treatment 

 

 Sian added: “Owning a pet can be really rewarding and for most animal lovers, pets play an important part in your life.”

 “However, it’s also a big commitment and one that comes with responsibilities so it’s important to do your research beforehand and are prepared for every eventuality.

 “There are some costs you can plan and budget for, but things like vet bills can soon add up if you’re not prepared and don’t have the right insurance in place.”
  

Back to Index


Similar News to this Story

Lloyds Market Association announces 2025 priorities
The Lloyd’s Market Association (LMA) has today announced its 2025 priorities. Reinforcing its purpose to maintain the Lloyd’s market’s position at the
Car insurance year end reductions as home insurance holds
The latest General Insurance Price Index from Pearson Ham Group for Q4 2024 highlights a sharp decline in motor insurance premiums.
One in six recent divorces delayed due to money struggles
To mark Divorce Day (6th January), Legal & General has revealed that one in six recent divorces (280,000 -17%) were delayed for financial reasons. Di

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.