Pet Insurance Facts and Stats

pet insurance facts

It’s All About the Numbers

We thought it would be fun to share some of the most interesting facts about pet insurance. Pet insurance is relatively new to the U.S. but it’s probably bigger than you think, in fact, the market surpassed $1.3 billion in 2018 with 2.2 million total dogs and cats insured.

 

10 Interesting Facts About Pet Health Insurance

1) The first pet insured in the U.S. was Lassie in 1982 (yes, that Lassie)³

2) There were 183.9 millions dogs and cats in the US*

3) There were 2.2 million pets insured in the U.S. at the end of 2018¹

4) Only 1.2% of dogs and cats in the U.S. are insured

5) Roughly 26% of dogs and cats in the U.K. are insured²

6) Roughly 90% of dogs and cats in Sweden are insured**

7) Total premium in 2018 was $1.3 billion¹

8) Average annual cost of a policy in 2018 was $44/mo.¹

9) Approximately 84% of insured pets are dogs¹

10) Average CAGR in the U.S. is 14.6% since 2014¹

 

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