Pet insurance cost: €4,000 per year, but €8,000 for car insurance
Car insurance costs for dogs and cats can be a lot more expensive than for people, according to a report by RTE.
The broadcaster found that a dog and cat in a car is estimated to cost €4 million, but if it is in a household of five, it could cost up to €8 million.
However, a family of five with a dog could expect to pay only €3,800 for car or dog insurance.
RTE also found that the average cost of an insurance policy in Ireland for a dog or cat is €3.7 million, a significant increase from the €1.6 million average cost in 2016.
The figure is higher for the insured dog and cats in Ireland who are insured by the Irish Association of Insurance Agents and Brokers.
For a dog, that would be €2.8 million, while for a cat, the cost would be $4.1 million.
Insurance agent Brian McAllister said that a pet insurance policy was “the only way to go”.
He said that pets could “die a slow death”.
“A dog is not an expensive thing to insure, but a dog can die a slow, slow death,” he said.
“The average price for a pet in Ireland is €1 million, and a cat is just €1,000.
The insurance premium for a kitten is €300.
If you’re a family with five cats, you could be looking at up to a €4.5 million cost.”
Irish pet insurance policies are generally considered better than European pet insurance, with the average price in the UK at £1,764 per year.
The average cost for a home insurance policy is €6,858 per year in England, €9,093 per year for Ireland, and €15,821 per year on a farm.