Do You Need Pet Insurance?

NAPHIA market data shows the US pet insurance market has grown to about 6.25 million insured pets with average annual premiums of $640 for dogs and $387 for cats, while a typical major emergency vet bill ranges from $3,000 to $10,000. Answer seven questions about your pet's age, breed-related risk, financial buffer, risk tolerance, budget, savings discipline, and current health status to see whether insurance is likely worth it for you or whether a dedicated pet emergency savings fund is the better fit.