Asda Money t/a Asda Financial Services Limited

May 02, 2013 01:00 ET

Annual Pet Insurance: How It Could Provide Savings for Dog Owners

LEEDS, UNITED KINGDOM--(Marketwired - May 2, 2013) - Asda Money reveals that Brits are a nation of animal lovers, with research showing that there are around 8 million dogs in the UK1.

While keeping a dog can be great fun; offering companionship, and a friendly addition to the family, the costs of looking after pets over an average lifetime can be sky-high.

The average annual vet bill has now hit £1772, which is an expense many households may struggle to meet in the current economic climate.

Asda Money looks at how pet insurance could help to save on animal care costs.

Protecting your pet for less

According to the RSPCA dogs can live between 12 and 14 years meaning that vet bills can quickly add up3.

Figures show that the dog owners spend an average of £144.53 a year on vet fees4, although costs can vary between breeds.

More than a third (38%) of pet owners surveyed argued that they had difficulty in meeting these costs4.

To help you to spread the cost of caring for your dogs, some insurers will allow you to pay for pet insurance on a monthly basis, without charge.

Dog owners may also find that veterinary costs can vary from region to region. As an example research revealed that the cost of spaying a two-year-old female Labrador in London and the South East ranged from £98 to £2554.

However, by taking out annual pet insurance you can be confident that your monthly premiums will remain fixed.

Asda Money Pet Insurance could help you provide the cover you need for your four-legged furry friend, including helping to meet the cost of vet's fees.

Notes to Editors

1. Pet Food Manufacturers Association statistics: http://www.pfma.org.uk/pet-population/

2. Average Annual Vet Bill = £177; Insurance Times

http://money.asda.com/pet-insurance/

3. A dog is a man's best friend...until we get the bill! Asda Money 31/10/2012

http://money.asda.com/news/home-pets/a-dog-is-a-man%E2%80%99s-best-frienduntil-we-get-the-bill!/11262

4. You Gov research & Which? research: http://www.moneywise.co.uk/cut-your-costs/family-life/vetting-the-growing-cost-pet-care

About Asda Pet Insurance

  • 3 levels of pet insurance cover - Value, Standard and Superior
  • Pay monthly at no extra cost†
  • Pays up to £6,000 towards vet's bills for accident or illness with Superior cover pet insurance#
  • 10% discount when insuring 2 or more pets
  • Superior level cover 5 Star Defaqto rated

† 0% APR. Available to those aged 18 and over.

# Up to the sum insured. For continuous treatment payments must be up-to-date and your policy renewed. Superior cover only.

Asda Money is a trading name of Asda Financial Services Limited. Asda Financial Services and Asda Stores Limited are introducer appointed representatives of BDML Connect Limited who arrange and administer the policy. This pet insurance is underwritten by an insurer selected by BDML Connect Ltd and full details will be provided at the time of purchase and within the policy documents. BDML Connect Ltd is authorised and regulated by the Financial Services Authority.

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