#insurance-pricing

#insurance-pricing

The pricing data coincides with a study which found that one-third of UK pet owners don't have insurance, with cost cited as one of the biggest factors. It is estimated that 60% of UK households about 17 million have a pet, and the high costs of ownership have been in the news lately. Last month, the government announced a big shake-up of the UK vet sector that ministers said should push down costs for pet owners by requiring practices to make their pricing clearer.

The latest Consumer Intelligence MarketView data shows the average cost of credit on monthly motor insurance payments fell from 10.6% in August 2024 to 9.7% in August 2025, continuing a year-on-year downward trend. Almost half of all active insurers reduced their instalment costs during this period. This fall reflects a wider shift in market behaviour. Several providers have withdrawn or adapted their instalment models, contributing to lower overall averages.