Pet Insurance 2021 - 3 Takeaways From NAPHIA's State Of The Industry Report

I recently received a summary of the North American Pet Health Insurance Association (NAPHIA) 2021 State of the Industry Report. Below are some notable stats for the United States: The pet insurance industry has grown at an annual rate of 24.2% over the past 5 years. The average monthly premium is $49.92 ($599.03 annually) for dogs The average monthly premium is $28.44 ($341.35 annually) for cats 82.9% of insured pets are dogs 17.1% of insured pets are cats There were 76.3 million cats and 75.8 million dogs owned in the U.S. in 2020 There are 3.1 million insured pets in... Read more →