Pet Insurance on the Rise

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Tim is a licensed life insurance agent with 23 years of experience helping people protect their families and businesses with term life insurance. He writes and creates stuff for QuickQuote and other insurance and financial websites...

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UPDATED: Feb 25, 2020

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A recent CNBC program reported that pet health insurance had become the third most requested voluntary benefit in the U.S. workplace. This stands to reason as Americans spend an estimated $18 billion annually on veterinary care. If you’ve ever had your Labrador Retriever gulp down one of your children’s toys, only to follow it up with a visit to the vet and a costly barium enema, you can relate.

62 percent of U.S. households own at least one pet, but only two percent of those households own pet health insurance.

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