More People Are Buying Pet Insurance, Driving Prices Down

More People Are Buying Pet Insurance, Driving Prices Down
Money.com
18 hrs ago
© Vanessa Garcia / Money; Getty Images
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Good news has been in short supply lately when it comes to the costs of medical care for dogs and cats. But now there are signs that the premiums for pet insurance are trending down. That could change the math on whether to get or keep this health coverage for your pooch or kitty.
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The change in premiums isn’t a huge one. But it comes after steady rises in the typical cost of vets bills and pet insurance premiums. Now, according to the Kansas City, MO-based trade group North American Pet Health Insurance Association (NAPHIA), the average cost of insuring a pet cat against accident and injury has gone down, changing from $349 a year in 2019 to $341 in 2020.

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