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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
Insurance-Pet-Is-Finally-Getting-Cheaper
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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North American Pet Health Insurance Market Continued Double-Digit Growth in 2020

Press release content from PR.com. The AP news staff was not involved in its creation. ....

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Model law could help bring clarity to pet insurance market

Model law could help bring clarity to pet insurance market
The National Association of Insurance Commissioners is working on a model law that states could opt to use, when setting standards for pet insurance rates, coverage and disclosures.
and last updated 2021-02-19 13:38:18-05
NEW ORLEANS, La. â Inside an animal shelter on the west bank of the Mississippi River, dogs wait patiently inside their âdog condosâ for a chance to move out.
âWhen someone adopts a pet from us, we provide them with a medical record of all vaccinations: all diagnosis and all treatments,â said Ana Zorrilla, CEO of the Louisiana SPCA, which runs the animal shelter in New Orleans. ....

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