FIND THE BEST PET HEALTH INSURANCE

An increasing number of pet owners are purchasing MEDICAL INSURANCE for their pets. According to the North American Pet Health Insurance Association (NAPHIA), there are approximately 20 companies that insure over 2.5 million pets in the United States.

According to the NAPHIA State of the Industry Report 2020:

  • Total number of pets insured in 2019 was 2,517,122.
  • 83% of insured pets were dogs AND 17% were for cats.
  • The average accident and illness premium for dogs was $585.40 per year AND $349.93 for cats.

PET INSURANCE PROVIDERS
Veterinarians and their staff may be LIMITED on how they discuss pet insurance with their clients because they are not a licensed pet insurance agent. For additional recommendations, the PET INSURANCE REVIEW website includes thousands of consumer reviews of the leading pet insurance providers across the U.S.

According to CONSUMER REPORTS, the LARGEST pet insurance providers are Nationwide, Trupanion, Petplan, and the ASPCA. These companies comprise about 84 percent of the pet insurance market in the U.S.

According to TODD NEMET, President of CARE for Pets™:

“Which Pet Insurance company you choose to protect your pet is very important. Over the last couple of years there have been many changes within the pet health insurance industry including some of the SMALLER insurance companies being acquired by a competing provider. In addition, many new providers (no track record on annual premium increases) have entered the pet insurance marketplace with very competitive premium prices. As they begin to pay claims, there annual premiums may SUBSTANTIALLY increase. Insurance companies do NOT cover PRE-EXISTING CONDITIONS. If you decide to CHANGE PROVIDERS, your pets PRE-EXISTING CONDITIONS may not be covered.”

RECENT NEWS:

7/10/20: Pumpkin: Zoetis Launches New Pet Health Startup Offering Insurance for Cats and Dogs

Pumpkin: Zoetis Launches New Pet Health Startup Offering Insurance for Cats and Dogs

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NEWS BLOG – CATEGORY: INSURANCE