Dog ownership in the U.S. has grown rapidly over the decades. Every generation has invested time, money, love, and resources into their furry friends, from boomers to millennials. And the man’s best friend has proven to be the most popular pet choice for approximately 89.7 million American households.
Since the connection between dogs and humans is undeniable, pet insurance has also risen in the last couple of years. Today, pet insurance is a $2 billion industry. Moreover, on average, pet owners spend between $3,000 and $6,000 in the first year.
However, not every dog comes with the same insurance cost. Certain breeds have higher health risk factors that raise the fee. Shortlister has covered the most popular dog breeds in the infographic below and the approximate cost to insure them.
Sources:
- https://www.akc.org/most-popular-breeds/
- https://advisorsmith.com/data/average-pet-insurance-cost/#average-cost-dogs
- https://www.lucypetproducts.com/blog/7-common-german-shepherd-health-issues/
- https://financesonline.com/number-of-dogs-in-the-us/
- https://www.benefitspro.com/2021/05/11/pet-insurance-market-continues-hot-streak/
