The rise of pet insurance and why it's necessary

Pet Volunteer

Pets are beloved members of our families, and owners go to great lengths to ensure their health and safety. As medical costs for pets continue to rise, pet owners are increasingly turning to pet insurance as a way of protecting themselves from unexpected veterinary bills.

The popularity of pet insurance has grown rapidly in recent years, with more than 2 million cats and dogs now covered by policies across the United States. The coverage can help ease the financial burden associated with caring for an ill or injured animal, allowing them access to specialized treatments that may otherwise be too expensive.

But not all pet insurance plans are created equal - there is a wide range of options available depending on your budget and needs. In this article, we'll explain the rise of pet insurance and why it's necessary.

10 Reasons for the rise of pet insurance and why it's necessary

1. Unexpected medical expenses

Pet owners understand the importance of taking care of their pets, but there is still the risk of unexpected sickness or accidents that can quickly become expensive. 

Veterinary bills for major illnesses or injuries can be a large financial burden for many pet owners, and pet insurance can help to cover these costs.

2. Financial protection

Pet insurance provides financial protection for pet owners in a number of ways. 

  • Firstly, it helps cover the cost of veterinary treatments that would otherwise be too expensive to pay out of pocket. This includes treatments for illnesses, injuries and even elective surgeries such as spaying or neutering.
  • In addition, pet insurance can help protect against unexpected costs associated with pet ownership, such as boarding fees if the owner is hospitalized or must go out of town unexpectedly.

3. Access to advanced treatments

Many pet insurance policies offer a range of coverage options that can help cover the cost of advanced treatments for illnesses or injuries, such as cancer treatment or joint surgery.

4. Lower premiums over time

Pet insurance policies can be a valuable financial resource for pet owners, providing protection against unexpected veterinary bills and access to advanced treatments. 

One of the greatest benefits of pet insurance is that premiums tend to remain low over time, meaning that even if your pet’s risk of illness or injury increases due to age, you can still benefit from lower premiums.

As your pet grows older, its risk of developing certain medical conditions increases. With pet insurance, you can lock in lower premiums over the course of their life, meaning you’re protected from rising costs as they get older.

5. Discounts and rewards

Many pet insurance companies offer discounts or rewards for customers who have had continuous coverage for a certain period of time. This could include reduced premiums for loyal customers or complimentary services such as grooming or training sessions.

6. Specialized treatments

Pet insurance is especially beneficial for specialized treatments, as it can help cover the cost of advanced treatments for illnesses or injuries that may not be available to pet owners otherwise. 

For example, many pet insurance plans offer coverage options that can help with the cost of cancer treatments, joint surgeries, and other expensive procedures which would otherwise be too costly for pet owners to pay out of pocket.

7. Routine check-ups and preventive care

Many pet insurance policies offer coverage for routine check-ups and preventive care, such as vaccinations and heartworm medication. This type of coverage can help pet owners stay on top of their pet’s health and reduce the likelihood that they’ll need to pay for expensive treatments in the future.

8. Peace of mind

Pet insurance offers peace of mind to pet owners by providing coverage for veterinary treatments, while also freeing up funds that can be used to pay for everyday expenses like food and toys. This helps to ensure that pet owners can focus on the health and happiness of their beloved animals, without worrying about the financial strain of unexpected medical bills.

Knowing that you have a pet insurance policy in place gives pet owners peace of mind, knowing that if something were to happen to their pet, they’d be able to access the best possible care without worrying about the cost.

9. Affordable coverage

Pet insurance is more affordable than many people think; there are plans available for as little as a few dollars a month. Those who want additional coverage can opt for more comprehensive plans that may include additional benefits such as coverage for travel and boarding.

For instance, some Utah pet insurance providers offer comprehensive plans that provide coverage for up to 90 percent of veterinary bills, with deductibles as low as $50.

10. Emergency care coverage

Pet insurance can provide coverage for emergency care and treatments, such as x-rays, surgeries, or lab tests. This type of coverage can be invaluable in the event of an unexpected injury or illness that requires immediate medical attention.

In addition, many pet insurance policies also provide coverage for alternative therapies such as acupuncture or hydrotherapy. Such treatments can help pets heal more quickly and make a full recovery, while also providing peace of mind to pet owners.

11. Coverage outside of the home

Pet insurance plans often provide coverage for medical expenses related to accidents or illnesses that occur away from home, such as on walks or trips to the vet. This type of coverage can be especially beneficial for those who travel with their pets, as they can rest assured that they’re covered in the event of an emergency.

Overall, pet insurance is an important tool for protecting both pets and their owners from unexpected medical bills. It offers peace of mind knowing that you’re covered if something were to happen to your pet and gives access to advanced treatments that might otherwise be too expensive.

For those considering pet insurance, it’s important to compare plans and coverage levels carefully to make sure you get the best value for your money. With pet insurance on the rise, now is a great time to look into a policy for your furry friend.


Pet insurance can be a great way to protect your pet and your wallet. By understanding the rise of pet insurance and why it’s necessary, you can make an informed decision about whether or not it is right for you and your pet.

With so many plans available, you can find the coverage that best fits your needs without breaking the bank. Lastly, make sure to compare plans carefully before making a decision, and you’ll be sure to get the best value for your money.

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