Insurance fees for pet care remain stable, according to Pearson Ham's assertion.
The latest Pet Insurance Pricing Index report from Pearson Ham Group for Q2 2025 has revealed a change in the trend for pet insurance premiums for Lifetime cover. After an increase earlier in the year, the latest report shows a decline of 2.4% for Lifetime cover premiums[1][3].
This reversal of the 2.2% rise recorded in Q1 2025 indicates that the premiums have leveled out and are now decreasing slightly[1][3]. The report separates pricing into Time Limited and Max Benefit Cover categories, but no specific information was provided about the variations in pricing by cover category in the latest Pet Insurance Price Index for Q2 2025[2].
Similarly, no information was provided about the variations in pricing by pet type and breed in the latest Pet Insurance Price Index for Q2 2025[2]. The report also did not provide any information about the pricing trends for pet insurance policies other than Lifetime cover[5].
The upward trend in pet insurance premiums at the beginning of 2025 has halted, and this softening in pet insurance premiums occurs alongside broader insurance market trends where motor and home insurance premiums are also falling or stabilizing[3]. Veterinary inflation has been cited as a factor influencing pet premium fluctuations, but the overall premium momentum for Lifetime cover has stalled for now[4].
Frances Luery of Pearson Ham Group made a statement about the pet insurance industry, but no further details about her statement were provided in the latest Pet Insurance Price Index for Q2 2025[6]. The Pearson Ham Group released the Q2 2025 Pet Insurance Pricing Index, marking a consistent month-on-month increase in Lifetime policies premiums, which was a 0.6% rise in March 2025[1].
The average top-five quoted prices for Lifetime cover decreased by 2.4% in Q2 2025[7]. This latest report provides valuable insights into the pet insurance market and helps pet owners make informed decisions about their pet insurance coverage.
[1] Pearson Ham Group [2] Pet Insurance Price Index [3] Insurance Premium Trends [4] Veterinary Inflation [5] Pearson Ham Group [6] Frances Luery Statement [7] Pearson Ham Group
Financing for pet insurance policies, particularly Lifetime cover, appears to be adjusting after an initial rise in 2025, as evidenced by the decline of 2.4% in premiums for Lifetime cover revealed in the latest Pet Insurance Pricing Index report. Furthermore, the average top-five quoted prices for Lifetime cover also experienced a similar drop, according to the findings from the Pearson Ham Group's Q2 2025 report.
