Pet insurance in North America - Statistics & Facts
Interesting statistics
In the following 5 chapters, you will quickly find the 26 most important statistics relating to "Pet insurance in North America".
The first pet insurance policy ever written, in 1890, focused solely on horses and livestock. The first ever policy issued in the United States, in 1982, was necessitated by the growing popularity of the canine star of the television series Lassie. Since then, the number of pet owners, both in Canada and the United States, as well as the individual number in variety of species has grown tremendously in North America. In the U.S., vet care and medicine cover a substantial part of the overall pet market sales.
As an example, cost of coverage for an 11 year old dog in New York under Embrace Insurance amounted to an annual cost of 10,260 U.S. dollars per owner in 2016. In 2017, the average accident and sickness insurance premiums for dogs were estimated to be 535.95 U.S. dollars per owner in the U.S. and 703.76 Canadian dollars per owner in Canada. Pet insurance plans in North America may also cover preventative care such as vaccinations or elective procedures like neutering. Some companies in both Canada and the United States also offer the option of routine-care (or comprehensive) coverage. Other coverage options include: dental care, alternative treatment as well as the purchase of prescription drugs.
Ownership in the U.S.
Ownership in Canada
Pet expenditure
Pet insurance in the U.S.
Pet insurance in Canada
Important key figures
The most important key figures provide you with a compact summary of the topic of "Pet insurance in North America" and take you straight to the corresponding statistics.
Ownership in Canada
Pet expenditure
- Vet care sales in the U.S.18.98bn USD
- Market value of pet care in the U.S.52.6bn USD
- Estimated annual medical expenses for pets in the U.S.425.7 USD
- Annual cost of coverage for an eight-year old cat in NY with Embrace5,440 USD
- Annual cost of coverage for an 11-year old dog in NY with Trupanion8,290 USD
