Taking out pet insurance helps give owners financial peace of mind in case their animal falls ill, one expert has pointed out.

Editor of Pet Gazette Sam Guiry highlighted that vet's bills can run into thousands of pounds, which explains why it makes sense to have pet insurance in place.

"When a pet does fall ill, or has an accident, the owner can give their pet the best possible care rather than worrying about the costs," he explained.

Mr Guiry emphasised that buying a pet is a long-term commitment, so people need to give it some serious consideration before they decide to take on an animal.

Figures from Sainsbury's Finance show that over the past year, 60 per cent of pet owners have found themselves without pet insurance to cover the cost of their cat or dog's dental work.

It estimates that the average cost of such work stands at £192.68.