Pet insurance premiums continue to rise

Pet insurance premiums for lifetime policies have increased by 1% since March 2024.

This was according to the latest pet insurance pricing index from pricing consultancy Pearson Ham Group, which also revealed that premiums rose by 0.6% in March 2025, marking a consistent month-on-month climb since November 2024.

The increases marked a departure from the trend of decreasing prices seen in the first half of 2024.

Cat and dog premiums

Cat insurance premiums saw a small decrease of 0.1% in March this year, but remain 3% up year-on-year.

Dog insurance premiums, meanwhile, saw a monthly 0.8% rise, leaving prices 1% up year-on-year.

Frances Luery, product manager at Pearson Ham Group, said: “This month’s figures highlight the nuanced nature of pet insurance pricing. We’re seeing overall upward pressure on premiums, but it’s not uniform.

“The fall in cat premiums this month might look like a relief for owners, but it contrasts with the steeper annual increase. And dog premiums are climbing steadily, albeit more modestly than some might expect given broader cost trends.”