How Purchasing Pet Insurance May Actually Save You Money

How Purchasing Pet Insurance May Actually Save You Money

Similar to humans, believe pets also experience health complications and plights. While many veterinarian visits are mandatory such as annual check-ups and vaccination shots, pet owners will conceivably make an emergency visit to the veterinarian at least once in their pet’s lifespan. Although an unfortunate event, life mishaps transpire unexpectedly. Furthermore, alike humans, health and medication bills can be extortionate, particularly unexpected ones. Consequently, humans elect to enroll in a health insurance plan by remunerating a fixed monthly premium, evidently saving them significant amounts of capital when faced with a medical expense. However, this factor is often overlooked by many pet owners. As a matter of fact, less than 1% of all-American dogs and cats are insured. This is a staggering number considering that over 68% of American households own a pet, totaling close to 200 million pets.

In the United States, the pet insurance market is expected to surpass $1 billion by 2019. Additionally, in 2016, the expenses for veterinary care accumulated to over $16 billion. Shopping for pet insurance is quite simple, as you can easily shop online or by phone. A simple google search reading pet insurance company for an example, will result in an abundant number of results of numerous pet insurers.

Although many pet owners believe that pet insurance may be another major stressful expense, the average annual cost of pet insurance in 2017 was $41 per month, varying by dog breeds. Similar to the automotive industry, your policy rates depend on your pet’s age, health profile and level of care you choose. The most expensive dog to ensure is the English Bulldog, while the cheapest to insure being the Dachshund. Many owners are realizing the benefits emitted by obtaining insurance for their pets, as the pet insurance industry actually experienced 22% annual growth from …

Read More