Understanding Pet Insurance Expenses & Risks

What to expect

Colin Lalley 1600

Published February 7, 2018

infoEditorial Disclosure

Expenses come with the territory of responsible pet ownership, and vet care represents a large part of those expenses. Here are the average annual costs of caring for a pet, according to a survey by the American Pet Products Association.

Pet Expenses

These are average costs—meaning many pet owners can expect higher expenses in a given year. Serious accidents and illnesses can drive up vet expenses. According to ASPCA Pet Insurance, the most common accidents and illnesses are:

Common illnesses

  • Growths & cancer
  • Ear infections
  • Upset stomach
  • Skin problems
  • Vomiting

Common accidents

  • Bite wounds
  • Swallowed objects
  • Cuts
  • Car accidents
  • Poison ingestions

And medical treatment for pets, especially in emergency situations, can get expensive quickly. Here’s a sampling of recent pet insurance claims to a leading pet insurer.

In all of these cases, vet care was necessary—and costly! Pet insurance is designed to help cover high-cost, unpredictable situations like these.

Insurance Expert

Colin Lalley

Insurance Expert

Colin Lalley is the Associate Director of SEO Content at Policygenius in New York City. His writing on insurance and personal finance has appeared on Betterment, Inc, Credit Sesame, and the Council for Disability Awareness. Colin has a degree in English from the University of North Carolina at Chapel Hill.