Cats and dogs might be vastly different, but humans can at least agree Luna is the perfect name for both.

Compare the Market has unveiled the most popular names for our feline and canine companions, thanks to data from its pet insurance tool.

There are a few names that feature in the top 10 for both cats and dogs and a few which are, funnily enough, also popular baby names.

For both cats and dogs, Luna is the most popular name, while names like Charlie, Milo and Bella also made their way onto both lists.

“Whether people are looking to buy a new pet or have brought someone new home recently, choosing a name is a personal decision that reflects the individuality of both the pet and its owner,” Compare the Market’s general manager and pet insurance expert Adrian Taylor said.

“We’re clearly seeing similar naming trends across cats and dogs, with four of the 10 names replicating on both lists.”

Top names for cats

• Luna
• Bella
• Leo
• Charlie and Cleo (tied fourth place)
• Milo
• Kitty
• Coco
• Simba
• Nico

Top names for dogs

• Luna
• Coco
• Frankie
• Daisy
• Charlie
• Archie
• Milo
• Bella
• Ruby and Teddy (tied ninth place)

There is a slight crossover with popular cat and dogs names and baby names.

McCrindle released the top 10 boy and girl names earlier this year, and while Luna isn’t a rising name for babies, Leo is the third most popular cat and baby boy name.

Charlie was popular among cats and dogs and is the ninth most popular boy name.

Earlier this year, a Finder survey reported 45 per cent of pet owners had cut back on their spending due to cost-of-living pressures.

Switching your dog’s favourite brand of food for a cheaper alternative or skimping on insurance could help cut back on expenses, but experts warn that cancelling a trip to the vet could cause big problems down the track.

Sarah Zito, senior scientific officer (companion animals) at RSPCA Australia, said the best way to save money in the long run is to be proactive.

“This includes things like keeping up with preventative health care, feeding a good-quality diet, making sure your pet is desexed, and having pet insurance,” she said.

“We also encourage pet owners to reach out if they need support, whether it’s to the RSPCA or another organisation. Some organisations have programs that offer, for example, assistance with veterinary care and other types of support.”

-with Sezen Bakan