Overview

• Overall home insurance premiums rise by 10% for pet owners compared with non-pet households
• Households with a dog or cat pay a median £240 annually for combined buildings and contents cover versus £219 without pets
• Pet owners incur a median £215 cost for buildings-only cover, a 12% uplift, and £72 for contents-only, a 15% increase
• Owning both a cat and a dog pushes joint policy premiums up by an extra 9% compared with single-pet households
• Policyholders are advised to inform insurers of any pets to keep their cover valid and to compare quotes for potential savings