Average Cost of Pet Insurance: 2024 Quo…
https://www.valuepenguin.com/pet-insurance/average-cost-of-pet-insurance
In the past five years, the average cost of pet insurance has increased between 8% and 14% for accident and illness policies. Accident-only insurance policies for dogs have seen the largest increase, going up by 27% over five years. Premiums rose an average of 24.2% year-over-year from 2016 to 2020. Some pet insurance companies are requesting significant rate increases, such as 33%, 44%, and 56%.
In the past five years, the average cost of pet insurance has increased between 8% and 14% for accident and illness policies.
Accident-only insurance policies for dogs have seen the largest increase, going up by 27% over five years.
Premiums rose an average of 24.2% year-over-year from 2016 to 2020.
Some pet insurance companies are requesting significant rate increases, such as 33%, 44%, and 56%.
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