Pet insurance premiums now exceed March 2024 levels

Pet insurance premiums were 1% higher in March 2025 than they were in March 2024, according to the Pet Insurance Pricing Index from Pearson Ham Group.

Premiums rose by 0.6% in March 2025, marking a consistent month-on-month climb since November.

Cat insurance premiums actually dipped slightly in March (-0.1%), yet remain 3% higher than this time last year, suggesting short-term easing against a backdrop of longer-term inflation.

Meanwhile, dog owners saw average premiums increase by 0.8% in March, nudging annual prices 1% higher than March 2024.

Policyholders in the North West saw the highest monthly rise at 1.3%, and the region leads in year-on-year growth too.It suggests localised factors such as vet pricing and claims behaviour are playing a major role.

In contrast, the East of England and the South West recorded the smallest increase at just 0.2%, underlining how geographically uneven the pricing picture is.

Frances Luery of 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.”