Since 2021, the average pet insurance claim has seen costs increase 17.5%, according to Embrace Pet Insurance, which reported that pet owners in Washington D.C. saw a nation's leading average claims cost of $592 during the first quarter of 2024. Other states that saw higher-than-average pet insurance claims costs included California ($519), Washington State ($498), Massachusetts ($482) and Connecticut ($481). Embrace reported the national average claim cost was $449, while Spot Pet Insurance saw a national average of $419. During the period, a number of treatment-specific trends occurred, according to Embrace. For example, shepherd mixes saw a 248% increase in osteoarthritis claims, while there was a 31% increase in epilepsy claims across all dog breeds. Further, domestic shorthair cats saw a 93% increase in abnormal behavior claims in January, which Embrace said could be attributed to New Year's Eve celebrations. Discover the average cost to cover chronic conditions in pets during 2024's first quarter in the above slideshow, which is based on Spot Pet Insurance's review of claims data. Related: |
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
