The average cost of pet insurance for dog and cat owners is $50 per month, fairly minimal compared to the average vet bill for dogs, which averages upwards of $1,500 for common medical issues. Yet only 1% of cat and dog owners have bought pet insurance, according to the Humane Society of the United States.
With about 180 million pet owners in the U.S., there's certainly an opportunity for agents to raise the issue with clients. But pet insurance may not be best for everyone, according to a story by NerdWallet's Alice Holbrook.
“It's important for pet owners to know the risks that come with their breed,” Dr. Peter Weinstein, executive director of the Southern California Veterinary Medical Association, tells Holbrook. “All breeds have risk factors. Then find out which policies cover or don't cover these risks.”
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
