In the UK, the annual premium for a dog can be as high as £ 1,138 ($ 1,495), nearly 2.5 times the premium of a BMW X5 ($ 624).
The latest announcement by AA Insurance (New Zealand) shows that the amount of money that pet owners spend on insurance for pets is higher than luxury cars.
Specifically, in the UK, the annual premium for a dog can reach £ 1,138 ($ 1,495), nearly 2.5 times the premium of a BMW X5 ($ 624).
Even the Queen of England has to pay for dog insurance. Her Corgi dog costs $ 634 a year on insurance. Meanwhile, the premium for the Royal Land Rover Discovery is only about $ 835 / year.
The following numbers represent the difference between the premiums for dogs and auto insurance in the UK. A Ford Fiesta has an annual premium of around $ 283, while chihuahua dog owners spend $ 441.
It is known that the Ford Fiesta is the best-selling car in the UK, and the chihuahua is the second most raised dog in the land of fog in 2018.
The insurance premium for a car is based on the age of the vehicle, deterioration is added each year, while dog insurance is not based on the age of the animal. That is the difference in the premium base in the UK.
The difference is quite obvious when comparing a premium samoyed hound to the Kia Sportage, or the South African Ridgeback with the RAV4.
The premium for a South African Ridgeback is $ 902, nearly three times the premium ($ 380) of a Toyota RAV4. Meanwhile, the Samoyed dog is insured at $ 507 a year, $ 27.5 more than a Kia Sportage.