UPDATED: Feb 25, 2020
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We partner with top insurance providers. This doesn't influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about life insurance. Our goal is to be an objective, third-party resource for everything life insurance related. We update our site regularly, and all content is reviewed by life insurance experts.
Last fall we blogged about the growing trend in pet insurance. Well, a new report out this week estimates Americans will spend around $1.1 billion (yes, with a ‘b’) annually on pet insurance by the year 2012. Pet insurance revenues for 2007 were estimated to be near $248 million, which is an increase of 21 percent over 2006 revenues.
The report cites the growing number of affluent households in the United States and their willingness to spend money on their pets’ health care needs.