Half of pet owners have a savings account for their furry friend with £1,000 stashed away

More than half of pet owners have nearly £1,000 set aside to cover potential vet bills, new research shows. 

Around 84 per cent of pet owners said they saw their pet insurance premiums rise at their last renewal date, Investec Save said. 

In its survey of pet owners, 51 per cent told Investec Save that they were setting aside money each month in savings to cover any unexpected vet bills. 

On average, pet owners had £963 set aside, which adds up to approximately £13.9billion held in savings accounts for potential veterinary care. 

Roughly 40 per cent of pet owners said they were adding money

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